A securities class action lawsuit has been filed against Intuit Inc. on behalf of shareholders who purchased securities between August 22, 2025 and May 20, 2026. The complaint names Chairman and CEO Sasan K. Goodarzi and CFO Sandeep S. Aujla as individual defendants, alleging they controlled the company's public communications and signed Sarbanes-Oxley certifications during the class period. Intuit shares fell $76.86, or 20.02%, to $307.07 on May 21, 2026, after the company disclosed a 17% workforce reduction and TurboTax revenue that missed expectations. The suit claims the two officers sold a combined total of over $41 million in shares during the period of alleged misstatements, with Goodarzi selling 55,756 shares for over $36 million and Aujla selling 8,782 shares for over $5 million. The court has set September 8, 2026 as the deadline for investors to apply for lead plaintiff appointment.
Intuit IncSecurities class action lawsuit alleging misstatements and insider selling during class period.