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Oct. 15, 2019, 7:15 a.m. EDT

Update in Lawsuit for Investors in shares of Stamps.com Inc. (US: STMP) announced by Shareholders Foundation

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/zigman2/quotes/202777086/composite STMP +3.90%

SAN DIEGO, Oct 15, 2019 (GLOBE NEWSWIRE via COMTEX) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Stamps.com Inc. /zigman2/quotes/202777086/composite STMP +3.90% .

Investors, who purchased shares of Stamps.com Inc. /zigman2/quotes/202777086/composite STMP +3.90% in April 2017 or earlier and continue to hold NASDAQ: STMP shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 28, 2019, a lawsuit was filed against Stamps.com Inc. over alleged violations of Federal Securities Laws. The plaintiff alleges that 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. On August 5, 2019, an amended complaint was filed.

Those who purchased Stamps.com Inc. /zigman2/quotes/202777086/composite STMP +3.90% shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.

Michael Daniels

+1 (858) 779-1554

mail@shareholdersfoundation.com

3111 Camino Del Rio North

Suite 423

San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

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(C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.

/zigman2/quotes/202777086/composite
US : U.S.: Nasdaq
$ 266.52
+10.01 +3.90%
Volume: 322,401
Aug. 12, 2020 4:00p
P/E Ratio
50.30
Dividend Yield
N/A
Market Cap
$4.51 billion
Rev. per Employee
$497,820
loading...
/zigman2/quotes/202777086/composite
US : U.S.: Nasdaq
$ 266.52
+10.01 +3.90%
Volume: 322,401
Aug. 12, 2020 4:00p
P/E Ratio
50.30
Dividend Yield
N/A
Market Cap
$4.51 billion
Rev. per Employee
$497,820
loading...
/zigman2/quotes/202777086/composite
US : U.S.: Nasdaq
$ 266.52
+10.01 +3.90%
Volume: 322,401
Aug. 12, 2020 4:00p
P/E Ratio
50.30
Dividend Yield
N/A
Market Cap
$4.51 billion
Rev. per Employee
$497,820
loading...
/zigman2/quotes/202777086/composite
US : U.S.: Nasdaq
$ 266.52
+10.01 +3.90%
Volume: 322,401
Aug. 12, 2020 4:00p
P/E Ratio
50.30
Dividend Yield
N/A
Market Cap
$4.51 billion
Rev. per Employee
$497,820
loading...

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