Pa. High Court Strips H&R Block 'Rapid Refund' Class

Law360, Philadelphia (September 10, 2012, 7:12 PM EDT) -- The Pennsylvania Supreme Court ruled Friday that a case accusing H&R Block Inc. of failing to disclose high interest rates attached to its "Rapid Refund" loan program could not be treated as a class action.

The six justices who participated in the decision found that the case was not amenable to class treatment because an individualized determination would have to be made for each plaintiff to determine whether a fiduciary relationship was established with the tax preparation company.

The ruling overturns a 2010 state Superior Court...
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