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HRB.US
id: 1046

H&R Block (HRB) Unauthorized Sharing of Personal Information Case

  • On November 22, 2022, The Markup reported H&R Block (HRB) was sharing customers’ personal information without their knowledge or consent. On July 12, 2023, members of Congress released a report following up on those assertions.
  • On it, on November 23, 2022, $HRB fell 1.43%, losing $89M+ of shareholder value, then on July 12, 2023, $HRB fell 0.53%, losing $24M+ of shareholder value.
  • Investors may have grounds to suspect H&R Block of violating customers’ confidentiality, which led to their losses.
On November 22, 2022, The Markup reported that H&R Block shared its customers’ personal information with Google and Facebook, without their knowledge or consent. On July 12, 2023, members of Congress released a report following up on those assertions.

On this news, on November 23, 2022, $HRB fell 1.43% and lost over $89 million of its market capitalization, seriously damaging shareholders, and then on July 12, 2023 $HRB fell 0.53% and lost over $24 million of its market capitalization, further damaging shareholders.

Considering all the information, investors might have grounds to suspect H&R Block of violating customers’ confidentiality, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 July 2023
Collecting participants…

H&R Block Inc

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in t...

    Ticker
    HRB.US
    ISIN
    US0936711052
    CIK
    12659
    Sector
    Consumer Cyclical
    Industry
    Personal Services
    Country
    USA
    Address
    One H&R Block Way, Kansas City, MO, United States, 64105