Pitney Bowes Targeted In Securities Fraud Suit

Law360, New York (October 28, 2009, 7:18 PM EDT) -- Pitney Bowes Inc., the Connecticut-based maker of mail processing equipment, has been hit with a proposed securities class action alleging that the company made false and misleading statements about its financial condition that artificially inflated its stock price.

The suit was filed Wednesday in the U.S. District Court for the District of Connecticut by the National Electrical Contractors Association-International Brotherhood of Electrical Workers Health & Welfare Fund.

It seeks to represent a class of all purchasers of Pitney Bowes common stock between July 30, 2007, and...
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