Wednesday, March 15, 2006

Class Action Suit next up for H&R Block

Now the class action lawyers are getting in on the act.

The class action filed by Lerach Coughlin on behalf of all H&R Block account holders makes similar allegations, but seeks unspecified damages. It was filed today in U.S. District Court in Kansas City, Mo. The complaint alleges the Express IRAs were "uniformly marketed and sold to consumers without regard to the consumer's tax, investment, and income requirements, and without adequate disclosure of the significant referral fees and commissions received by the tax preparers at H&R Block for pushing these Express IRA accounts."

Unspecified damages? I would hate the sound of that if I was H&R Block.

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