|Company name||Intuit, Inc.|
NEW YORK, June 26, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Intuit, Inc. (NYSE: INTU) on behalf of Intuit stockholders. Our investigation concerns whether Intuit has violated the federal securities laws and/or engaged in other unlawful business practices.
For several years, Intuit operated under an agreement with the Internal Revenue Service to provide a free version of its commercial tax filing products called TurboTax “Freedom Edition” to low-income taxpayers in exchange for the IRS agreeing not to compete by offering its own free online tax filing service. However, the Company has recently been sued in a consumer class action lawsuit alleging that it defrauded taxpayers through a scheme to deliberately hide or otherwise limit access to its free service, while aggressively marketing another program as free even though it had limited functionality and deceived users otherwise eligible for free filing into paying for product upgrades to file their taxes.
If you purchased or otherwise acquired Intuit shares and have suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.