H&R Settlement Blocked

Sometime in October a class-action lawsuit against H&R Block and the HSBC Taxpayer Financial Services will go to trial. The suit is regarding Block’s refund-anticipation loan program. Attorneys thought they’d reached a settlement in this suit and five other similar ones on May 11 when HSBC and Block agreed to pay $110 million cash and $250 million in rebate coupons to settle, but a U.S. District judge in Chicago rejected that agreement, returning the case to its pre-settlement status. The story appeared in the San Antonio Business Journal.