The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Stamps.com Inc. (NASDAQ: STMP) who purchased shares between May 3, 2017 and February 21, 2019. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
In particular, the Stamps.com lawsuit alleges that (i) the Company’s financial results depended on the manipulation of a USPS 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.
Shareholders have until April 29, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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