Shareholders Foundation, Inc.

H&R Block, Inc. Under Investigation: Investors Who Purchased NYSE:HRB Shares in 2011 Should Contact the Shareholders Foundation.

An investigation for investors in H&R Block, Inc. (NYSE:HRB) shares over potential securities laws violations by H&R Block, Inc. was announced and NYSE:HRB stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (SBWIRE) -- 06/18/2013 -- An investigation on behalf of investors, who purchsased NYSE:HRB shares between June 23, 2011 and September 1, 2011, was announced concerning potential securities laws violations by H&R Block, Inc. and certain of its directors and officers in connection certain financial statements.

Investors who purchased shares of H&R Block, Inc. (NYSE:HRB), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of H&R Block, Inc. (NYSE:HRB) concerning whether certain statements by H&R Block, Inc. between June 23, 2011 and September 1, 2011 regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 1, 2011, H&R Block, Inc. announced that it recorded a goodwill impairment charge of $85 million in connection with the sale of RSM to McGladrey & Pullen, LLP.

H&R Block, Inc. reported that its Total Revenue declined from over $4.08 billion for the 12 months period that ended on April, 30, 2009 to over $2.89 billion for the 12 months period that ended on April 30, 2012 and that its respective Net Income declined from $485.67 million to $265.93 million.

Shares of H&R Block, Inc. (NYSE:HRB) grew from $10.78 per share in October 2010 to $30.13 on May 31, 2013.

On June 17, 2013, NYSE:HRB shares closed at $28.87 per share.

Those who purchased shares of H&R Block, Inc. (NYSE:HRB), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com