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Intuit Inc. (NASDAQ:INTU) Investor Investigation Over Possible Breaches Of Fiduciary Duties

  • If you are a current long term stockholder in Intuit Inc. (NASDAQ:INTU) shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Intuit Inc.
Security
NASDAQ: INTU

Summary

April 15, 2014 (Shareholders Foundation) - An investigation on behalf of investors in Intuit Inc. (NASDAQ:INTU) shares over potential breaches of fiduciary duties by certain officers and directors was announced.

The investigation by a law firm concerns whether certain Intuit officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Intuit Inc. reported that its Total Revenue rose from over $3.4 billion for the 12 months period that ended on July 31, 2010 to over $4.17 billion for the 12 months period that ended on July 31, 2013 and that its respective Net Income increased from $574 million to $858 million.

Shares of Intuit Inc. (NASDAQ:INTU) grew from $$29.39 per share in February 2010 to as high as $82.20 per share in March 2014.

On April 15, 2014, NASDAQ:INTU shares closed at $73.74 per share.

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