Editing H&R Block (section)

==== Express IRA 2006 ====
On March 16, 2006, New York Attorney General [[Eliot Spitzer]] sued H&R Block, accusing the company of deceptive marketing of its Express IRA retirement accounts. The lawsuit alleged the company assessed fees, including set-up fees, annual fees, and account closing fees that, for 85% of account holders, resulted in the account losing money.<ref>[https://money.cnn.com/2006/03/15/news/companies/spitzer_hr/index.htm Spitzer brings fraud suit against H&R Block], CNN Money, David Ellis, March 16, 2006. "... One unnamed 32-year-old from Albany, NY resident cited in the complaint opened an Express IRA account in 2002 with the minimum contribution of $300. The account earned $10.29 in interest over the past four years; the account holder paid $45 in fees over that same period of time... "</ref> However, in July 2007, a New York state judge dismissed much of the lawsuit.<ref>{{cite news|url=https://www.nytimes.com/2007/07/13/business/13block.html |title=Judge Mostly Clears Block |work=[[The New York Times]] |date=2007-07-13 |access-date=2011-11-14}}</ref> Justice Karla Moskowitz of the State Supreme Court excused Block and five of its units from the lawsuit. She let stand the portion of the complaint concerning another unit, H&R Block Financial Advisers, but dismissed allegations of common law fraud. At the time of the ruling, H&R Block said it believed the remaining assertions lacked merit and that it would appeal. On January 6, 2009, a New York state appeals court overruled trial justice Karla Moskowitz's July 2007 ruling and reinstated the lawsuit against H&R Block Inc that accused the company of fraudulently marketing Express IRA retirement accounts to hundreds of thousands of lower-income clients nationwide.<ref>{{cite news|url=https://www.reuters.com/article/idUSTRE5075Y120090108 |title=N.Y. court reinstates IRA lawsuit against H&R Block |publisher=[[Reuters]] |date= 2009-01-08|access-date=2011-11-14}}</ref> The matter was settled in 2009, and H&R Block agreed to pay $11.4 million to $19.4 million of fees to customers and $750,000 in fees and other costs.<ref name="Stempel10">{{cite news |title=H&R Block settles nationwide IRA lawsuit |last1=Stempel |first1=Jonathan |url=https://www.reuters.com/article/us-hrblock-cuomo-settlement/hr-block-settles-nationwide-ira-lawsuit-idUSTRE60348120100104 |publisher=[[Reuters]] |date=4 January 2010 |access-date=1 March 2018}}</ref>