STAMPS.COM SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $500,000 of Lead Plaintiff Deadline in C...
April 05 2019 - 10:50PM
Business Wire
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190405005476/en/
ClaimsFilerLewis Kahn,
844-367-9658https://www.claimsfiler.com
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