Friday, March 17, 2006

BlockHeads Again?

Tax preparation giant has been sued in Missouri district court over possible fraudulent marketing of Express IRAs. The suit claims that top executives at Block knew that most customers would pay more in fees than they would receive in interest. Suggestions have been made that the suit is being filed in conjunction with New York Attorney General Eliot Spitzer, but plantiff's attorney Lerach Coughlin is presently denying those assertions. H & R Block intends a vigorous defense.

Overaggressive marketing, an overambitious politican, a combination or something else? You (and the Missouri jury) decide.


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