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H&R Block IRA Fraud
& Related Newswire
6/13/2006 3:03:00 AM | Investment group’s lawsuit adds to Block troubles 
=(0) H&R Block shareholders are now suing the company's Board of Directors in a "shareholder derivative" lawsuit. It alleges improper management practices including fraudulently recommending unsuitable investments to clients, for the purpose of making profit on fees. A similar lawsuit has also been launched by the pension fund of an ironworkers' un...
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5/10/2006 12:19:00 AM | Spitzer: H&R Block Knew of Bad Advice =(0) New York Attorney General Eliot Spitzer amended his lawsuit against H&R Block, saying he has evidence that not only did the company knowingly sell a poor investment product to its clients, but actively penalized tax preparer employees who expressed concern about this product, even threatening them with dismissal if they did not sell adequate quotas...
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3/28/2006 11:16:00 PM | Missouri residents piggyback onto suit against H&R Block - =(0) Another lawsuit has been filed against H&R Block claiming misrepresenatation with regard to their Express IRA product. This follows the suit in New York by Attorney General Eliot Spitzer. The program is targeted for low-income H&R Block tax preparation customers, but is structured such that fees tend to outweigh returns.......
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3/21/2006 11:43:00 AM | Kaplan Fox Seeks to Recover Losses for Investors Who Purchased H&R... =(0) The lawsuits are piling up against H&R Block. This one is a class action suit in federal court on behalf of H&R Block shareholders, specifically those who purchased the stock between June of 2002 and March of 2006. The allegation is that the share price was artifically inflated during that period by false and misleading statements on the part of th...
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3/18/2006 3:14:00 AM | Fla. Man Accuses H&R Block of Fraud in IRA Sales =(0) A Florida lawyer has filed a class action suit against H&R Block in US District court in Kansas City. This suit is similar to that filed by NY Attorney General Eliot Spitzer, but is a separate action. The allegation is that the IRA accounts were marketed fraudulently, misrepresenting the potential gain for clients, most of whom acutally lost money ...
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3/17/2006 3:39:00 PM | H&R Chopping Block - =(0) This articles examines the public relations problems encountered by H&R Block, due to the recent spate of lawsuits concerning their Express IRA accounts and additional issues. The result is that this company's stock is at a 52 week low..........
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3/15/2006 2:29:00 PM | New York's Spitzer Charges H&R Block with Fraud =(0) New York Attorney General Eliot Spitzer filed a civil lawsuit against tax preparer H&R Block, seeking $250 million in damages on behalf of clients who were allegedly defrauded by the Express IRA program. The charge is that H&R Block misrepresented the program as having good returns and did not disclose information about fees and tax consequences of...
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