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

Law360, Washington (October 3, 2011, 9:15 PM EDT) -- The U.S. Department of Justice on Monday wrapped up closing arguments in its antitrust suit seeking to halt H&R Block Inc.'s proposed $287.6 acquisition of the maker of TaxACT software with a renewed assault on the company's market definition.

The proposed H&R Block merger with 2SS Holdings Inc., which makes the software, would leave only two major players in the digital tax prep services market, with the other being Intuit Inc.'s TurboTax brand, according to the DOJ.

The DOJ contends that the market for digital do-it-yourself...
To view the full article, register now.

Related

Sections

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

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.