NEW YORK, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Stamps.com Inc. (“Stamps.com” or “the Company”) (STMP) concerning possible violations of federal securities laws.
On February 21, 2019, Stamps.com released its Q4 financial results. In a related conference call, Stamps.com’s CEO Kenneth Thomas McBride disclosed that the Company would no longer have an exclusive partnership with the United States Postal Service: “The USPS has not agreed to accept these terms or any other terms of our partnership proposal. So at this point we decided to discontinue our shipping partnership with the USPS so that we can fully embrace partnerships with other carriers who we think will be well-positioned to win in the shipping business in the next five years.” Following this news, shares of Stamps.com were down more than 56% on intraday trading on February 22, 2019. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171