DOJ Defends Bid To Block H&R's $288M TaxACT Buy

Law360, New York (August 26, 2011, 3:09 PM EDT) -- The U.S. Department of Justice hit back Wednesday at H&R Block Inc.'s motion to keep a Washington federal judge from halting its $287.6 million deal to buy the developer of tax preparation software TaxACT despite the government's antitrust concerns.

In a memorandum supporting its request for a preliminary injunction to stop the transaction, the antitrust watchdog argues that H&R Block and 2SS Holdings Inc., which makes the rival software, can't point to any substantial evidence from the run up to the deal that would undermine its...
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