Le Lézard
Classified in: Science and technology
Subject: Lawsuit

INTUIT INVESTIGATION UPDATE by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Intuit Inc. - INTU


Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into Intuit Inc. (NasdaqGS: INTU).

For many years, the Company 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. The Company has been sued in a consumer class action lawsuit alleging that it defrauded customers through a scheme to deliberately hide or 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.

The Company has also been sued on similar allegations by the City of Los Angeles and Santa Clara County on behalf of the State of California for violations of the state's Unfair Competition Law. Recently, the court presiding over the Los Angeles case denied the Company's request to have to case dismissed, allowing it to proceed forward.

KSF's investigation is focusing on whether Intuit's officers and/or directors breached their fiduciary duties to Intuit's shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Intuit shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-intu/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.


These press releases may also interest you

at 12:10
Compare-autoinsurance.org has launched a new blog post that presents several factors that affect the premiums and several ways to keep car insurance costs under control. For more info and free car insurance quotes, visit...

at 12:00
Theoretical physicist Jonathan Bagger will become the next Chief Executive Officer (CEO) of the American Physical Society (APS). The selection was unanimously approved by the APS Board of Directors. Bagger has completed six years as Director of...

at 11:00
Trideum Corporation announced this week that, for the sixth year in a row and eighth year overall, the company is among Inc. Magazine's annual Inc. 5000 list ? the most prestigious ranking of the nation's fastest-growing private companies. The list...

at 10:00
Ernst & Young LLP (EY US) today announced that Rachel Neill of Carex Consulting Group was named an Entrepreneur Of The Year® 2020 Midwest Award finalist. Now in its 34th year, the Entrepreneur Of The Year program honors entrepreneurial business...

at 09:28
Sai Life Sciences, one of India's fastest growing Contract Development & Manufacturing Organizations (CDMOs), today announced the inauguration of its new Research and Technology (R&T) Centre in Hyderabad, India. Sri K T Rama Rao, Hon'ble Minister for...

at 09:00
Innovation, Science and Economic Development Canada The Honourable Navdeep Bains, Minister of Innovation, Science and Industry, made the following statement today: "Canada's future depends on connectivity. Our government recognizes that access to...



News published on 6 december 2019 at 22:55 and distributed by: