NEW ORLEANS, March 29, 2019 /PRNewswire/ -- ClaimsFiler,
a FREE shareholder information service, reminds investors that they
have until April 29, 2019 to
file lead plaintiff applications in a securities class action
lawsuit against Stamps.com, Inc. (NasdaqGS: STMP), if they
purchased the Company's shares between May
3, 2017 and February 21, 2019,
inclusive (the "Class Period"). This action is pending in
the United States District Court
for the Central District of California.
Get Help
Stamps.com investors should visit us at
https://www.claimsfiler.com/cases/view-stampscom-inc-securities-litigation-1
or call toll-free (844) 367-9658. Lawyers at Kahn Swick &
Foti, LLC are available to discuss your legal options.
About the Lawsuit
Stamps.com and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
On February 21, 2019, the Company
announced its 4Q and FY 2018 financial results, also disclosing the
termination of its shipping partnership with the U.S. Postal
Service, a vital relationship that accounts for approximately 87
percent of the Company's revenue, and that revenue for 2019 was
expected to decrease by 5.4%.
On this news, the price of Stamps.com's shares plummeted.
The case is Grabisch v. Stamps.com, Inc.,
19-cv-01497.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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SOURCE ClaimsFiler