Class-Action Lawsuits Threaten H&R Bock

Tech trouble could lead to even greater losses for this Kansas City institution . . . Already we notice firms looking to recruit clients on the Internets . . . Here's a more objective passage that explains the sitch:

The lawsuits accuse Kansas City-based H&R Block (NYSE: HRB) of negligence, breach of implied contract, unjust enrichment and breach of fiduciary duty. They claim that despite promises to use “reasonable administrative, technical, and physical efforts to protect your personal information from unauthorized access, use, or disclosure,” H&R Block maintained its clients’ personal identifiable information in an alleged reckless manner, without adequate safeguards and in unencrypted form.

Read more via www.TonysKansasCity.com link . . .

KC Biz Journal: H&R Block data breach spurs lawsuits seeking class-action status