Press release from Business Wire
Brower Piven Announces an Investigation of H&R Block, Inc. for Potential Violations of the Federal Securities Laws
Wednesday, June 12, 2013
Brower Piven Announces an Investigation of H&R Block, Inc. for Potential Violations of the Federal Securities Laws16:10 EDT Wednesday, June 12, 2013
STEVENSON, Md. (Business Wire) -- Brower Piven, A Professional Corporation, has commenced an investigation of potential securities law violations by H&R Block, Inc. (“H&R Block” or the “Company”) (NYSE: HRB).
The investigation of H&R Block is related to statements issued by the Company relating to its valuations of goodwill and of its RSM McGladrey Business Services, Inc. (“RSM”) division between June 23, 2011 and September 1, 2011. On September 1, 2011, H&R Block unexpectedly announced that it recorded a goodwill impairment charge of $85 million in connection with the sale of RSM to McGladrey & Pullen, LLP. The price of H&R Block's stock fell dramatically on the news.
If you purchased H&R Block common stock between June 23, 2011 and September 1, 2011, the period during which H&R Block common stock may have been overvalued due to possibly misleading statements by the Company, and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616