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H&R Block to Fight Refund Loan Case

IN BRIEF / TAXES

May 08, 2003|From Bloomberg News

H&R Block Inc. expects to fight lawsuits over its tax-refund loans in about six states after a federal judge threw out a national settlement, Chief Executive Mark Ernst said.

A U.S. district judge in Illinois ruled against a $25-million settlement last month on concerns that lawyers weren't properly representing H&R Block customers, who claim they were charged exorbitant interest rates.

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