Judge Puts Brakes On H&R Block's $288M TaxACT Buy

Law360, New York (October 31, 2011, 8:52 PM EDT) -- A Washington federal judge on Monday blocked H&R Block Inc.'s proposed $287.6 million acquisition of the maker of TaxACT software on antitrust grounds, granting the U.S. Department of Justice a permanent injunction in its suit against the tax preparer.

U.S. District Judge Beryl A. Howell said in her order that the merger between H&R Block and 2SS Holdings Inc. would violate Section 7 of Clayton Act. The opinion supporting her order was filed under seal because it contains confidential business information that has not been redacted...
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