Intuit Inks $40M TurboTax Settlement Amid Claimants' Protests

Law360 (November 13, 2020, 10:37 PM EST) -- A proposed class of roughly 19 million Intuit users asked a California federal judge Thursday to preliminarily approve a $40 million settlement that would resolve claims they were duped into paying for its free TurboTax software, prompting arbitration claimants to argue that the deal violates their due process rights.

In a motion for preliminary approval, class counsel said they intend to request up to 25% of the fund, or $10 million, to cover attorney fees, plus seek reimbursement for litigation costs, while class members would receive roughly $56 each if 7.5% of the members submit a claim. According to the motion,...

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