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Intuit reaches $141 million settlement over TurboTax -Breaking

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© Reuters. FILE PHOTO: An Intuit workplace is proven in San Diego, California August 21, 2015. REUTERS/Mike Blake/File Picture

NEW YORK (Reuters) – Intuit Inc (NASDAQ:) agreed to pay $141 million to clients to settle claims it tricked them into shopping for on-line TurboTax merchandise that the tax preparation firm deceptively marketed as “free.”

The settlement introduced on Wednesday with all 50 U.S. states and Washington, D.C. resolves claims that Intuit steered thousands and thousands of shoppers, many with low incomes, towards industrial merchandise and away from federally supported free tax companies.

New York Lawyer Basic Letitia James, whose workplace helped lead the probe, mentioned the settlement additionally requires Intuit to droop its advert marketing campaign containing slogans comparable to “TurboTax Free is free. Free free free free.”

“For years, Intuit misled probably the most susceptible amongst us to make a revenue,” James mentioned in an announcement. “At this time, each state within the nation is holding Intuit accountable.”

Intuit, primarily based in Mountain View, California, didn’t instantly reply to requests for remark.

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