Stamps.com being sued over ending USPS partnership
Stamps.com misled investors about the sustainability of its business, which depended on its abuse of a USPS resale program, a new lawsuit alleges.
The online shipping firm didn’t disclose that its financial results relied on the “manipulation” of a U.S. Postal Service program, jeopardizing their partnership, the would-be class complaint filed Feb. 28 in the U.S. District Court for the Central District of California said.
- EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Stamps.com, Inc. – STMP | Business Wire
- Stamps.com (STMP) Class Action Lawsuit: Bernstein Liebhard LLP Announces a Securities Class Action Lawsuit Against Stamps.com, Inc. – STMP
- Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Stamps.com, Inc. (STMP) | Business Wire
- A Securities Class Action Has Been Filed Against Stamps.com; Block & Leviton LLP Encourages Shareholders to Contact the Firm – EIN News