The law firm of Kirby McInerney LLP is investigating potential claims against Stamps.com Inc. (Stamps.com or the Company) (NASDAQ:STMP). This investigation concerns whether Stamps.com has violated federal securities laws and/or engaged in other unlawful business practices.
On February 21, 2019, Stamps.com announced that its key partnership with the U.S. Postal Service has ended. On an earnings call, Stamps.coms chairman and CEO, Kenneth Thomas McBride, stated, We will no longer be exclusive to the USPS and thats non-negotiable.
On this news, Stamps.coms share price fell $114.43 per share or approximately 57.7%, to close at $83.65 on February 22, 2019.
If you acquired Stamps.com securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, and whistleblower litigation. The firms efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLPs website: www.kmllp.com.
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