|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 4703 | Consumer Products | 03/15/2006
New York State Attorney General Eliot Spitzer filed a $250 million fraud suit against H&R Block Inc., accusing the nation's largest tax preparation service of fraudulently pushing clients to invest their tax refunds in retirement accounts that had high fees and low returns. The lawsuit is on behalf of customers who have opened the Express IRA accounts.
The suit seeks restitution and an end to any questionable practices connected to the company's retirement offering, the Express IRA. The lawsuit asks that the company should stop engaging in any fraudulent practices, and be forced to discharge profits and pay damages and restitution caused by their scheme, and also that it pay civil penalties of no less than $250 million. According to Spitzer, the suit alleges that the company "steered hundreds of thousands of its clients, including almost 30,000 New Yorkers, into IRAs that were virtually guaranteed to lose money because of a combination of hidden fees and low interest rates." The court papers, filed by Attorney General Eliot Spitzer, state that money in the retirement account decreases because the only investment option offered is a money market account with an interest rate so low that it does not cover the fees- "fees that H&R Block fails to adequately disclose." "The conduct described in today's complaint is particularly appalling because many of those hardest hit were working families who struggle to save," Spitzer said in a statement posted on his website. "Instead of providing these families with accurate information that would have allowed them to make informed choices, H&R Block steered them into retirement accounts that actually shrank over time." At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Consumer Products Cases of Interest Experts say that a good air purifier should have an exchange rate of at least five times per hour. A class action has been filed against Sharper Image Corporation on behalf of persons who have purchased an Ionic Breeze air purifier in the past four years, who allege that the machines do not perform as advertised, in violation of state consumer protection laws. The parties have reached a tentative $375,000 national settlement in a class action filed against video game retailer GameStop Corporation on behalf of persons who purchased a video game from GameStop or affiliated stores between April 12, 1998, and August 1, 2003. Claims must be postmarked on or before November 1, 2003, to be considered valid.
The Florida Supreme Court has decided to review an appeals court ruling that overturned the $145 billion judgment against major tobacco companies on behalf of current and former Floridian smokers. The action alleges that the cigarette companies deceived the public about the health dangers of cigarettes, in violation a state consumer protection laws. Persons eligible to take part in the action can stay updated through ClassActionAmerica’s case-tracking services. A class action lawsuit has been filed in the state circuit court in Collier County, Florida against Orange Tree Utility Co. The lawsuit is brought on behalf of water customers of Orange Tree in the Naples area, who claim that the water fails to meet safe water standards, has an unpleasant appearance, taste and odor, and may cause health problems. The suit alleges that Orange Tree Utility Co. has consistently ignored consumer complaints about the quality of the water and seeks damages for medical bills, property damage and the cost of extra water filtration devices. A woman filed a proposed class-action lawsuit in Los Angeles against writer James Frey over his controversial memoir about his recovery from drug and alcohol abuse, court papers showed.
Western Digital Corp. has settled a class action lawsuit alleging that its computer hard drives stored less material than promised by offering free software to about 1 million consumers. Under the terms of the settlement, Western Digital will give away software designed to back up and recover computer files to anyone who bought one of the company's disk drives from March 22, 2001, through Feb. 15 of this year.
|
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
