An investigation on behalf of current long term investors in Stamps.com Inc. (NASDAQ: STMP) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: STMP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/03/2019 -- Certain directors of Stamps.com Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Stamps.com Inc. (NASDAQ: STMP) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: STMP stocks follows a lawsuit filed against Stamps.com Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: STMP stocks, concerns whether certain Stamps.com directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the Company's financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year, and that) as a result, the Company's business was unsustainable and its financial results were highly misleading.
Those who purchased shares of Stamps.com Inc. (NASDAQ: STMP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.