H & R Block Inc
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Consumer Discretionary : Diversified Consumer Services | Small Cap Value
Company profile

H&R Block, Inc. (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees. It offers tax support, planning, and business accounting and advisory services to its clients. The Company offers a range of online tax services, including preparation of federal and state income tax returns, review of tax returns by a tax professional, access to tax tips, advice and tax-related news, use of calculators for tax planning, error checking and electronic filing.

Price
Delayed
$13.65
Day's Change
-0.445 (-3.16%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.00
Day's Low
13.58
Volume
(Above Average)

Today's volume of 1,587,044 shares is on pace to be greater than HRB's 10-day average volume of 3,382,722 shares.

1,587,044

iQIYI Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In iQIYI, Inc. To Contact The Firm

1:33 pm ET May 29, 2020 (Newsfile) Print

New York, New York--(Newsfile Corp. - May 29, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in iQIYI, Inc. (NASDAQ: IQ) ("IQ" or the "Company") of the June 15, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi Logo

If you invested in IQ stock or options between March 29, 2018 and April 7, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com/IQ. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail torgonnello@faruqilaw.com.

CONTACT:

FARUQI & FARUQI, LLP

685 Third Avenue, 26th Floor

New York, NY 10017

Attn: Richard Gonnello, Esq.

rgonnello@faruqilaw.com

Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased IQ securities between March 29, 2018 and April 7, 2020 (the "Class Period"). The case, Lee v. iQIYI, Inc. et al., No. 20-cv-01830 was filed on April 16, 2020.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On April 7, 2020, Wolfpack Research released a report alleging that "IQ was committing fraud well before its IPO in 2018 and has continued to do so ever since." Wolfpack estimates that iQIYI inflated its 2019 revenue by approximately RMB 8-13 billion, or 27%-44%, by overstating its user numbers by approximately 42%-60%.

On this news, IQ's share price fell from $17.30 per share on April 7, 2020 to a closing price of $16.51 on April 8, 2020: a $0.79 or a 4.57% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding IQ's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56806

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