|Company name||Stamps.com Inc.|
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
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