Intuit Inc. (NASDAQ: INTU) has been informed that a lawsuit has been filed in New York State Supreme Court making claims against the company in regard to Year 2000 readiness of the online banking functionality of its Quicken versions 5 and 6 for Windows and versions 6 and 7 for Macintosh. While Intuit has not had an opportunity to see the complaint, based on the press release issued this morning by Bernstein Litowitz Berger & Grossman, the company believes the lawsuit is completely without merit and will defend vigorously against it. A similar lawsuit was filed on April 29, 1998, in the Santa Clara Superior Court in California. Intuit believes that this lawsuit also is completely without merit and will defend vigorously against it.
Intuit has a strong and long-standing commitment to meeting the needs of its customers, including Year 2000 readiness. Preparing computers for the Year 2000 is a significant issue not only for Intuit, but also for all technology companies - and for business in general.
Intuit has been working - and continues to work - to ensure its products are Year 2000 ready before customers experience any Year 2000 problems. For more information about Intuit's commitment to Year 2000 readiness, see the company's web site at http://www.intuit.com/support/year2000.html.
