NEW YORK, NY / ACCESSWIRE / August 14, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Intuit, Inc.("Intuit" or the "Company") (NASDAQ:INTU). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether Intuit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 29, 2022, the Federal Trade Commission filed a lawsuit against Intuit, claiming that the Company has deceived millions of Americans into paying for tax service preparation software that should be free. Then, on May 4, 2022, Intuit agreed to pay $141 million to settle similar allegations regarding its TurboTax software.
On this news, Intuit's stock price fell $22.14 per share, or 5.1%, to close at $409.86 per share on May 5, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP