March 18, 2022
A California federal judge has awarded class counsel nearly $17 million in attorney fees for their work representing investors who won a $100 million settlement from Stamps.com resolving claims that it hid a deteriorating relationship with the U.S. Postal Service to artificially inflate its stock value.
August 16, 2021
Stamps.com will pay $100 million to end an investor class action alleging the web-based shipping company hid its fraying relationship with the U.S. Postal Service to artificially inflate its stock value, investors said in a bid for preliminary approval of the deal in California federal court Monday.
November 09, 2020
A California federal judge certified a class of Stamps.com investors who filed suit alleging the web-based shipping company hid its fraying relationship with the U.S. Postal Service to artificially inflate its stock value while its CEO engaged in illicit insider trading, finding Monday that "common sense" dictates that class certification be granted.