Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Pitney Bowes Inc.

Coughlin Stoia Geller Rudman & Robbins LLP (“Coughlin Stoia”) (http://www.csgrr.com/cases/pitneybowes/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the District of Connecticut on behalf of purchasers of the common stock of Pitney Bowes Inc. ("Pitney Bowes") (NYSE:PBI) between July 30, 2007 and October 29, 2007, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Samuel H. Rudman or David A. Rosenfeld of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at djr@csgrr.com. If you are a member of this Class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/pitneybowes/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges Pitney Bowes and certain officers of Pitney Bowes with violations of the Exchange Act. Pitney Bowes provides mail processing equipment and integrated mail solutions in the United States and internationally.

The complaint alleges that, throughout the Class Period, defendants made numerous positive statements regarding the Company’s financial condition, business and prospects. The complaint further alleges that these statements were inaccurate statements of material fact when made because defendants failed to disclose: (i) that the Company was experiencing a slowdown in sales of equipment and software and supplies to the financial services sector; (ii) that revenues in the Company’s U.S. mailing segment had dramatically declined and were not performing according to internal expectations; (iii) that the Company’s international operations were not performing to internal expectations as market liberalization and deregulation was causing customers to delay purchasing decisions. For example, in France, a change in the method of meter rentals was causing delayed purchasing decisions and increased selling and marketing costs; and (iv) as a result of the foregoing and other adverse undisclosed factors, there was no reasonable basis for defendants’ positive statements about the Company, its operations and earnings.

On October 29, 2007, Pitney Bowes held a conference call with analysts and investors to discuss the Company’s earnings and operations. During the conference call, defendants admitted that a host of factors caused Pitney Bowes to drastically miss the earnings they had promised. In response to the Company’s announcement, the price of Pitney Bowes common stock declined from $42.68 per share to $36.27 per share on extremely heavy trading volume.

Plaintiff seeks to recover damages on behalf of all purchasers of Pitney Bowes common stock during the Class Period (the “Class”). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more information about the firm.

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