NEW YORK, March 26, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Stamps.com, Inc. (NASDAQ: STMP) from May 3, 2017 through February 21, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Stamps.com investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than April 29, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation http://zhanginvestorlaw.com/join-action-form/?slug=stamps-com-inc&id=1776 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or email info@zhanginvestorlaw.com, slee@zhanginvestorlaw.com for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Stamps.com’s financial results depended on the manipulation of a United States Postal Service (“USPS”) program that cost USPS an estimated $235 million per year; and (2) as a result, Stamps.com’s business was unsustainable and its financial results were highly misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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