Intuit investors face securities fraud suit; lead plaintiff deadline is Sept. 8, 2026

A securities fraud class action has been filed against Intuit Inc. (NASDAQ: INTU) on behalf of investors who purchased or acquired Intuit securities from August 22, 2025, through May 20, 2026, inclusive. The case, Baldwin v. Intuit Inc., No. 3:26-cv-07086 (N.D. Cal.), was filed in the United States District Court for the Northern District of California. Investors have until September 8, 2026, to seek lead plaintiff status. The complaint alleges that Intuit made material misstatements or omissions about the strength, growth and sustainability of its tax-related business, particularly TurboTax, and that its fiscal 2026 TurboTax revenue-growth guidance was unreliable or unrealistic. The allegations followed Intuit's announcement of a 17% workforce reduction and restructuring measures on May 20, 2026, as well as fiscal third-quarter revenue growth of 7%, below consensus estimates of at least 8%. Intuit shares fell about 3.9% on May 20 and about 20% on May 21 after the company disclosed weaker TurboTax trends. Investors may contact Kessler Topaz Meltzer & Check, LLP for a case evaluation, pursue lead plaintiff status, retain other counsel, or take no action and remain absent class members.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.