{"id":39720,"date":"2026-07-20T22:30:00","date_gmt":"2026-07-20T20:30:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=ada43dcb8079f16127105b18b7b54012"},"modified":"2026-07-20T22:30:00","modified_gmt":"2026-07-20T20:30:00","slug":"deadline-alert-intuit-inc-intu-shareholders-who-lost-money-urged-to-contact-glancy-prongay-wolke-rotter-llp-about-securities-fraud-lawsuit","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=39720","title":{"rendered":"Deadline Alert: Intuit Inc. (INTU) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit"},"content":{"rendered":"

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP<\/a> reminds investors of the upcoming September 8, 2026 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Intuit Inc. (\u201cIntuit\u201d or the \u201cCompany\u201d) (NASDAQ: INTU<\/a>) securities between August 22, 2025 and May 20, 2026<\/b>, inclusive (the \u201cClass Period\u201d).<\/p>

IF YOU SUFFERED A LOSS ON YOUR INTUIT INVESTMENTS, CLICK <\/b>HERE<\/b><\/a> TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.<\/b><\/p>

What Happened?<\/b><\/p><\/a><\/a>

On May 20, 2026, Reuters <\/i>published an article stating that \u201cIntuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide<\/b><\/i>, to streamline operations and sharpen focus on its key bets including its AI efforts\u201d and that the Company \u201cis also winding down its Reno and Woodland Hills offices as \u2060part of a strategic restructuring to consolidate teams in key hubs, according to the memo.\u201d<\/p>

On this news, Intuit\u2019s stock price fell $15.78, or 3.95%, to close at $383.93 per share on May 20, 2026, thereby injuring investors.<\/p>

The same day, after market hours, Intuit released its fiscal third quarter 2026 financial results, reporting weak revenue, including TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth due to \u201c[facing] pressure among the most price-sensitive DIY filers earning less than $50,000 a year\u201d and that the Company \u201clost on price.\u201d Additionally, the Company disclosed that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the \u201cmost significant industry-wide contraction since the post-COVID tax season<\/b><\/i>.\u201d<\/p>

On this news, Intuit\u2019s stock price fell $76.86, or 20.02%, to close at $307.07 per share on May 21, 2026, thereby injuring investors further.<\/p>

What Is The Lawsuit About?<\/b><\/p>

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) they had overstated Intuit\u2019s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit\u2019s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and\/or unrealistic; and (4) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>

If you purchased or otherwise acquired Intuit securities during the Class Period, you may move the Court no later than September 8, 2026 <\/b>to request appointment as lead plaintiff in this putative class action lawsuit.<\/p>

Contact Us To Participate or Learn More:<\/b><\/p>

If you wish to\u202flearn more\u202fabout this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:<\/p>

Charles Linehan, Esq.,Glancy Prongay Wolke & Rotter LLP,1925 Century Park East, Suite 2100,Los Angeles, California 90067Telephone: 310-201-9150,Toll-Free: 888-773-9224Visit our website at www.glancylaw.com<\/a>.Email: shareholders@glancylaw.com<\/a>Follow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.<\/p>

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.<\/p>

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.<\/p>

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>

Contact Us:<\/b><\/p> Contacts<\/b>

Glancy Prongay Wolke & Rotter LLP,1925 Century Park East, Suite 2100Los Angeles, CA 90067Charles Linehan<\/b>Email: shareholders@glancylaw.com<\/a>Telephone: 310-201-9150Toll-Free: 888-773-9224Visit our website at: www.glancylaw.com<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming September 8, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Intuit…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39720","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39720"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39720\/revisions"}],"predecessor-version":[{"id":39721,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39720\/revisions\/39721"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}