BALA CYNWYD, Pa., March 15, 2006 (PRIMEZONE) -- Law offices of Brodsky & Smith, L.L.C. today announces that it is investigating possible civil claims against H&R Block (NYSE:HRB). These claims result from a lawsuit filed by the New York State Attorney General. The suit alleges that H&R Block steered roughly 500,000 tax return customers to invest in individual retirement accounts, but failed to disclose high hidden fees that actually outpaced interest earned on the accounts. It is also alleged that 85 percent of those customers, which invested in the Express IRA lost money. The civil complaint, filed in Manhattan state court, alleges that the company knew that many of its customers were losing money.
If you were a purchaser of this Express IRA from H&R Block and want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, L.L.C. who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, L.L.C., Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.