U.S. Scores Victory in H&R Block Merger Case

[alp227]

Source: Wall St Journal

A federal judge on Monday stopped H&R Block Inc. from acquiring low-cost rival TaxAct, handing the Justice Department a win in an antitrust case as it prepares for a similar trial to block AT&T Inc. from acquiring T-Mobile USA.

The ruling is a significant victory for the Justice Department, which filed an antitrust lawsuit in May to prevent the merger. The case marked the first time a Justice Department merger challenge had gone to trial since 2004.

U.S. District Judge Beryl Howell in Washington said the merger can't proceed because it would violate U.S. antitrust law. Details of the judge's ruling aren't publicly available yet because Ms. Howell sealed the opinion temporarily to protect the parties' confidential business information.

The judge, however, issued a two-page public order that granted the Justice Department's request for a permanent injunction against H&R Block's proposed $287.5 million acquisition of TaxAct, a business that offers low-cost tax preparation software and services.

Read more: http://online.wsj.com/article/SB10001424052970203707504577010512495467038.html

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google the title to avoid the registration block

[No Elephants]

1. But it's okay for five or fewer mega-corporations to control most of our news sources.

And our medications.

I don't get our priorities.