Cases
Stamps.com Inc. (NASDAQ: STMP)
Securities Class Action
Overview
Overview
- Date:
- 5/22/19
- Company Name:
- Stamps.com Inc.
- Stock Symbol:
- STMP
- Class Period:
- FROM 5/3/17 TO 2/21/19
- Status:
- Closed/Complete
NEW YORK, February 6, 2020 –Bragar Eagel & Squire is investigating certain officers and directors of Stamps.com, Inc (NASDAQ: STMP) following a class action complaint that was filed against Stamps.com on March 13, 2019.
The complaint alleges that throughout the class period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s financial results depended on the manipulation of a USPS reseller program that cost USPS an estimated $235 million per year; and (ii) as a result, the Company’s business was unsustainable, and its financial results were highly misleading
If you are a long term stockholder of Stamps.com, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Marion Passmore or Melissa Fortunato by email at investigations@bespc.com, or telephone at (646) 860-9156, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that throughout the class period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s financial results depended on the manipulation of a USPS reseller program that cost USPS an estimated $235 million per year; and (ii) as a result, the Company’s business was unsustainable, and its financial results were highly misleading
If you are a long term stockholder of Stamps.com, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Marion Passmore or Melissa Fortunato by email at investigations@bespc.com, or telephone at (646) 860-9156, or by filling out the contact form below. There is no cost or obligation to you.