Recent Securities Litigations

Stamps.com Inc. Common Stock ($0.001 Par Value) (NASDAQ: STMP)

Company Name:Stamps.com Inc. Common Stock ($0.001 Par Value)
Stock Symbol:NASDAQ: STMP
Class Period Start:05/03/2017
Class Period End (inclusive):05/08/2019

According to the Complaint, Stamps.com is a provider of Internet-based mailing and shipping solutions in the United States. Under the Stamps.com and Endicia brands, Stamps.com customers use USPS solutions to mail and ship a variety of mail pieces and packages through the USPS and customers using Stamps.com solutions receive discounted postage rates compared to USPS.com and USPS retail locations on certain mail pieces.

The Complaint alleges that during the Class Period, Defendants violated provisions of the Exchange Act by making false and/or misleading statements and/or failing to disclose that: (i) the Company's financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year; and (ii) as a result, the Company's business was unsustainable and its financial results were highly misleading.