Federal District Judge Issues Permanent Injunction Against H&R Block's Acquisition of TaxACT in United States v. H&R Block, Inc.


On October 31, 2011, the U.S. District Court for the District of Columbia announced its decision to issue a permanent injunction blocking H&R Block's proposed acquisition of the company that markets the TaxACT line of tax-preparation software. The court found that the proposed acquisition would substantially lessen competition in the global market for digital do-it-yourself tax-preparation products. The decision is a noteworthy win for the Department of Justice (DOJ), marking the first time that it has won a merger trial in several years.

The Proposed Transaction

H&R Block markets a line of tax-preparation software under the brand name "H&R Block At Home" (formerly known as "TaxCut"). On October 13, 2010, H&R Block entered into a $287.5 million agreement to acquire 2SS Holdings, Inc., which markets the tax-preparation software "TaxACT."

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Wilson Sonsini Goodrich & Rosati | Attorney Advertising

Written by:


Wilson Sonsini Goodrich & Rosati on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.