SAN DIEGO, Jan. 28, 2020 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP is investigating potential violations
of federal and state laws by Stamps.com Inc. ("Stamps")
(NASDAQ: STMP) and certain of its officers.
In 2019, a Securities Class Action Complaint was filed on behalf
of those who purchased securities of Stamps, between May 3, 2017 and May 8,
2019. Recently, the class action lawsuit survived the
Defendants' attempts to have the case dismissed.
According to the lawsuit, Stamps was reselling USPS products to
small volume delivery companies, which was directly against the
agreement between the two companies. When the Postal Services
learned about this, it cut ties with Stamps, and as a result, the
lawsuit claims that investors suffered damages.
If you are a long-term shareholder of Stamps continuously
holding shares before May 4,
2017, you may have standing to hold Stamps harmless
from the alleged harm caused by the officers and directors of the
Company by making them personally responsible. You may also be able
to assist in reforming the Company's corporate governance to
prevent future wrongdoing.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, you can [Click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action].
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SOURCE Johnson Fistel, LLP