A lawsuit was filed on behalf of investors in Stamps.com Inc. (NASDAQ:STMP) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 03/15/2019 -- An investor, who purchased shares of Stamps.com Inc. (NASDAQ: STMP), filed a lawsuit against Stamps.com Inc over alleged violations of Federal Securities Laws.
Investors who purchased shares of Stamps.com Inc. (NASDAQ: STMP) have certain options and for certain investors are short and strict deadlines running. Deadline: April 29, 2019. NASDAQ: STMP investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On February 21, 2019, Stamps.com Inc released its fourth quarter financial results. In a related conference call, Stamps.com's CEO Kenneth Thomas McBride disclosed that Stamps.com Inc would no longer have an exclusive partnership with the United States Postal Service: "The USPS has not agreed to accept these terms or any other terms of our partnership proposal. So at this point we decided to discontinue our shipping partnership with the USPS so that we can fully embrace partnerships with other carriers who we think will be well-positioned to win in the shipping business in the next five years."
The plaintiff claims that between May 3, 2017 and February 21, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that the Company's financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year, and that) as a result, the Company's business was unsustainable and its financial results were highly misleading.
Those who purchased shares of Stamps.com Inc. (NASDAQ: STMP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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