OVERVIEW OF THE CASE AND ONGOING INVESTIGATION
Stueve Siegel Hanson LLP has been appointed liaison counsel in a case 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.
On August 14, 2006, the Judicial Panel on Multidistrict Litigation granted SSH's motion to transfer similar lawsuits that had been filed across the country to the United States District Court for the Western District of Missouri for centralization.
If you invested in an Express IRA account with H&R Block and want to learn more about this lawsuit, please submit the following form.
