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BusinessWeek Online - After the U.S. Justice Dept. and Internal Revenue Service said they were suing 24 people at five Jackson Hewitt Tax Services franchises for depriving the Treasury of $70 million on Apr. 3, the company's stock price tumbled 18%. But the stock recovered some ground Apr. 4 after Jackson Hewitt emphasized that the lawsuit involves only a sliver of its business, and one analyst reportedly upgraded the stock following its plunge. Market players bid up the shares by 8.9% to $28.89 on the New York Stock Exchange Apr. 4. |