Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential violations of federal and state laws by Stamps.com Inc. (“Stamps”) (STMP) and certain of its officers. Earlier this year, a class action complaint was filed against Stamps and certain of its officers and directors. The lawsuit seeks to recover damages for Stamps investors under the federal securities laws.  The class period is from May 3, 2017 and May 8, 2019.  The complaint alleges that Stamps was reselling USPS products to small volume delivery companies, which was directly against the agreement between the two companies. When the Postal Services learned about this, it cut ties with Stamps, and as a result, the stock dropped 57%.

source https://finance.yahoo.com/news/did-acquire-stamps-may-4-135800430.html?.tsrc=rss