H&R Block CEO Rips DOJ Market Definition In TaxACT Suit

Law360, Washington (September 19, 2011, 3:24 PM EDT) -- H&R Block Inc. President and CEO William Cobb told a Washington federal judge Monday that the U.S. Department of Justice is relying on a market definition that is too narrow in its antitrust case challenging his company’s $286.7 million bid for the developer of TaxACT software.

Cobb's testimony comes as the extended preliminary injunction hearing in the DOJ's lawsuit seeking to block the merger winds to a close. The executive defended his views of the market as including all tax preparation methods, and tried to deflect...
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