NEW YORK, Feb. 24, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Stamps.com Inc. (NASDAQ: STMP). Our investigation concerns whether Stamps.com’s has violated the federal securities laws and/or engaged in other unlawful business practices.
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On February 21, 2019, Stamps.com announced that its key partnership with the U.S. Postal Service has ended. On 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 by more than 57%, closing at $83.65 on February 22, 2019.
If you purchased or otherwise acquired Stamps.com’s shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Stamps.com’s please go to https://bespc.com/stmp/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com