Ex-H&R Block CEO Defends $287M TaxACT Buy

Law360, Washington (September 6, 2011, 7:34 PM EDT) -- Former H&R Block Inc. CEO Alan Bennett told a Washington federal judge Tuesday that the company's $287.6 million bid for the developer of tax preparation software TaxACT did not warrant the government's attempt to enjoin the deal over antitrust concerns.

Bennett pushed back against the U.S. Department of Justice's attempts to suggest the relevant market was limited to digital do-it-yourself tax preparation, rather than the broader range of any method of doing one's taxes, as H&R and 2SS Holdings Inc., which makes the rival software, argued....
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Case Information

Case Title

UNITED STATES OF AMERICA v. H&R BLOCK, INC. et al


Case Number

1:11-cv-00948

Court

District Of Columbia

Nature of Suit

Anti-Trust

Judge

Beryl A. Howell

Date Filed

May 23, 2011

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