Pomerantz LLP announced a securities class action against Intuit Inc. and certain officers in the United States District Court for the Northern District of California. The complaint covers investors who bought or otherwise acquired Intuit securities from August 22, 2025, through May 20, 2026, and alleges that the company overstated its competitive advantages, growth prospects and tax-business strength while maintaining an unrealistic 8% fiscal 2026 TurboTax revenue-growth forecast. The allegations surfaced after Reuters reported on May 20, 2026, that Intuit planned to cut about 17% of its global workforce, or roughly 3,000 employees, and close its Reno and Woodland Hills offices. Intuit later reported 7% year-over-year TurboTax revenue growth for its fiscal third quarter, below consensus estimates of at least 8%. Executives acknowledged pricing pressure among lower-income do-it-yourself filers, said the company had lost on price and reduced its full-year TurboTax growth outlook to 7%. Intuit shares fell 3.95% on May 20 and another 20.02% on May 21. Investors have until September 8, 2026, to ask the court to appoint them as Lead Plaintiff.