Tax prep giant H&R Block Inc. announced that a federal judge has approved a $39-million settlement of a class-action lawsuit brought by customers over the company's refund anticipation loans.
A U.S. district court judge approved the settlement, the group's third effort to reach a agreement in the suit, which has dragged on since 1998. Block and co-defendant Beneficial National Bank -- now owned by London-based HSBC -- will split the payment.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access