Recent Security Class Actions Inc. Common Stock ($0.001 Par Value) (NASDAQ: STMP)

Company Inc. Common Stock ($0.001 Par Value)
Stock Symbol:NASDAQ: STMP
Class Period Start:05/03/2017
Class Period End (inclusive):05/08/2019
Filing Deadline:04/29/2019

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