H&R Block Refund-loan Lawsuit Settlement Blocked

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008831-hr-block-refund-loan-lawsuit-settlement-b/

H&R Block Inc., the largest U.S. tax preparer, on Friday said a federal judge had blocked a proposed $360 million settlement of a lawsuit over loans given in anticipation of tax refunds.

In a regulatory filing, H&R Block said the so-called Carnegie settlement was terminated as a result of the judge’s action which means the parties to the litigation will be returned to their status as if the agreement was never made.

For this complete story, please visit http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=8627430.

H&R Block Refund-loan Lawsuit Settlement Blocked

Unknown Author

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