H&R Block CEO Mark A. Ernst defended his company's "Express IRA" product and accused New York State Attorney General Eliot Spitzer of launching an "unfair attack" on his company, in a letter to the Wall Street Journal published Friday.

Spitzer filed a $250 million lawsuit against the Kansas City, Mo.-based company in New York State Supreme Court in Manhattan last Wednesday, claiming that H&R block fraudulently marketed its product as a savings tool. In fact, Spitzer claimed, clients actually lost money due to high fees. 

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