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Investigations  /  03.06.2019

Shareholder Investigation of Stamps.com

Stamps.com, Inc. (STMP) Accused of Inflating Revenue and Growth

According to the complaint, Stamps.com repeatedly touted its strong financial results and relationship with USPS. Yet, despite previous claims that its relationship with the postal service was “continuing to be stronger and stronger” and financial forecasts that the company would continue to grow, Stamps.com inexplicably announced in a conference call that it would walk away from its relationship with USPS—despite the fact that USPS-related business accounts for 87% of its revenue. On this news, Stamps.com’s stock plummeted over 50% to close at $83.65 on February 21, 2019. On February 26, it was reported that USPS, not Stamps.com, had decided to terminate the relationship in face of the Stamp.com’s increasing demands and abuse of the USPS’ reseller program.

Stamps.com, Inc. (STMP) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder Information form below.

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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