A federal judge in Washington, D.C., on Thursday ruled against H&R Block’s proposed acquisition of a rival company that also sells digital do-it-yourself tax preparation products, saying the proposed $287 million merger would harm consumers. See related story: D.C. Judge Explains Decision to Stop H&R Block’s $287.5 Million TaxAct Merger
Some former Ruden McClosky equity partners are trying to stall the proposed bankruptcy sale of firm assets to Greenspoon Marder. “It appears the biggest opponent is going to be former shareholders that are owed money,” said an attorney not affiliated with shareholders who appeared at the first hearing in the case.
A federal judge in Los Angeles has struck down the proposed attorney fees in a class action settlement against Toyota over Prius headlights, calling the $4.7 million request “highly unreasonable” for a case with “narrow, not complex” legal work.