SAN DIEGO, Feb. 22, 2019 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP with the assistance of former
California Deputy Attorney General
and Special Counsel, Tiffany Johnson,
Esq., is investigating potential claims against Stamps.com
Inc. ("Stamps.com") (NASDAQ: STMP) for violations of state and
federal securities laws.
On February 21, 2019 Shares of
Stamps.com STMP plummeted more than 48% after hours following the
Company's announcement, on an earnings call, that they will no
longer be partnering with USPS. "We will no longer be exclusive to
the USPS and that's non-negotiable," said the company's chairman
and CEO Kenneth Thomas Mcbride.
The focal point of the investigation is whether Stamps.com
violated securities laws by failing to tell investors that
Stamps.com was attempting to negotiate a non-exclusive relationship
with U.S. Postal Service.
If you have information that could assist in this
investigation, including past employees and others, or if you are
an Stamps.com shareholder and are interested in learning more about
the investigation or your legal rights and remedies, please contact
Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a 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