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H&R Block settle IRA lawsuit in NY

Jan 12, 2010 Federal Tax Return

H&R Block settle IRA lawsuit in NY


Reuters News A shameless “cut and paste” directly from Reuters News:
NEW YORK (Reuters) – H&R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing retirement accounts that caused hundreds of thousands of mostly lower-income clients to lose money. New York Attorney General Andrew Cuomo said the accord calls for the largest U.S. tax preparer to refund $11.4 million to $19.4 million of fees to customers nationwide who opened one of its Express IRAs, a type of individual retirement account.

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