NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C. is investigating claims of violations of federal securities laws on behalf of investors of Intuit, Inc. (“Intuit” or the “Company”) (NASDAQ: INTU).
The investigation concerns whether Intuit and certain of its officers and directors have engaged in violation of securities laws and/or other business practices.
On September 1, 2022, the Federal Trade Commission (“FTC”) filed a lawsuit against Credit Karma (an Intuit subsidiary,) for deploying deceptive tactics and claiming concerns were “pre-approved” and had “90% odds” of approval for credit card offers. Ultimately, the FTC has ordered Credit Karma to pay at $3 million fine.
On this news, the price of Intuit’s shares fell precipitously.
If you suffered loss in Intuit, Inc. and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at email@example.com or firstname.lastname@example.org.
Whistleblowers: Persons with non-public information regarding Intuit should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.