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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Scott+Scott Attorneys at Law LLP Announces Investigation into Stamps.com, Inc.

February 25, 2019

NEW YORK--(BUSINESS WIRE)--Feb 25, 2019--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, is investigating whether Stamps.com, Inc. (“Stamps.com” or the “Company”) (NASDAQ: STMP) or certain of its officers and directors violated federal securities laws. If you purchased Stamps.com stock, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.

Stamps.com Inc. provides a service for purchasing and printing postage over the Internet.

On February 21, 2019, Stamps.com announced that its key partnership with the U.S. Postal Service has ended. During an earnings call, Stamps.com’s chairman and CEO, Kenneth Thomas McBride, stated, “We will no longer be exclusive to the USPS and that’s non-negotiable.”

On this news, Stamps.com’s share price fell more than 57% on February 22, 2019, closing at $83.65 after its previous close price of $198.08.

What You Can Do

If you purchased Stamps.com stock, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at jpettigrew@scott-scott.com, or visit the Stamps.com investigation page on our website at , or visit the Stamps.com investigation page on our website at https://scott-scott.com/investigation/stamps/.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.

Attorney Advertising

View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005750/en/

CONTACT: Joe Pettigrew

Scott+Scott Attorneys at Law LLP

(844) 818-6982

jpettigrew@scott-scott.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Scott+Scott Attorneys at Law LLP

Copyright Business Wire 2019.

PUB: 02/25/2019 11:42 AM/DISC: 02/25/2019 11:42 AM

http://www.businesswire.com/news/home/20190225005750/en