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INVESTOR ALERT: RGRD Law Announces that Intuit Inc. (INTU) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire Inc.·
A class action lawsuit has been filed against Intuit Inc. alleging the company made false statements about its competitive advantages and business strength. The lawsuit claims Intuit overstated TurboTax revenue growth guidance while facing significant competitive pressures. On May 20, 2026, Intuit announced a 17% workforce reduction and reported weak Q3 2026 tax season revenue with TurboTax growing only 7% versus 8% consensus estimates, causing the stock to drop over 20%. Investors with substantial losses between August 22, 2025 and May 20, 2026 can seek appointment as lead plaintiff by September 8, 2026.
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