The Shareholders Foundation announces that an investigation on behalf of investors in Intuit Inc. (NASDAQ:INTU) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Intuit.
Investors who are current long term stockholders in Intuit Inc. (NASDAQ:INTU) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
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 22, 2014, NASDAQ:INTU shares closed at $74.84 per share.
Those who purchased shares of Intuit Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com