GlobeNewswire·Aug 18, 2026, 10:08 AM ET

SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of September 8, 2026 in Intuit Inc. Lawsuit - INTU

SueWallSt highlights a securities class action against Intuit Inc. (NASDAQ: INTU) for alleged false statements made between August 22, 2025, and May 20, 2026.
Intuit shares fell 20.02% ($76.86 per share) to close at $307.07 on May 21, 2026, following disclosures that TurboTax revenue grew only 7% instead of the promised 8%.
The lawsuit alleges the company overstated competitive advantages while losing business to pricing pressures among filers earning less than $50,000 annually.
TurboTax online paying units are expected to grow by only 2%, while total IRS filers are projected to decline by approximately 30 basis points.
Combined insider stock sales during the class period totaled over $41 million.
The stock also dropped 3.95% ($15.78 per share) previously due to news of a 17% workforce reduction.
The lead plaintiff application deadline is set for September 8, 2026.
Investors who purchased shares during the class period may seek compensation regardless of whether they still hold the stock or the size of their losses.
The case is handled by Levi & Korsinsky LLP on a contingency basis with no upfront fees or costs for investors.