Investigation and pending class action lawsuit against H&R Block alleging that the tax firm misled consumers in the marketing and sale of their "Express IRA" product.
This class action lawsuit alleges that consumers who open Express IRAs lose money because H&R Block's fees for the accounts exceed the interest earned by the accounts.
The lawsuit further alleges that H&R Block failed to adequately explain the Express IRA's financial consequences and limitations and that H&R Block knew that the Express IRA was an unsuitable investment for most of its clients.
Name (Stock Symbol)
H&R Block, Inc. (HRB)
H&R Block, Inc. primarily is a tax preparation company, but also offers investment products and services.
The information provided on ClassAdvocate.com is general in nature,
does not apply to any particular factual situation, and is not and
should not be taken as legal or other professional advice. We make no
commitment or warranty that the factual, legal or any other information
on ClassAdvocate.com, or on any linked website, is accurate, complete,
error-free, or current. As such, you should not rely on such information,
and should seek professional advice if and as you determine appropriate.
ClassAdvocate.com is not a lawyer referral service, and no attorney-client
or confidential relationship is or should be formed by use of the site.
The investigations listed on ClassAdvocate.com are attorney advertisements
and do not in any way constitute a referral or endorsement by ClassAdvocate.com
or any approved or authorized lawyer referral service.