Stamps.com misled investors about the sustainability of its business, which depended on its abuse of a USPS resale program, a new lawsuit alleges.
The online shipping firm didn’t disclose that its financial results relied on the “manipulation” of a U.S. Postal Service program, jeopardizing their partnership, the would-be class complaint filed Feb. 28 in the U.S. District Court for the Central District of California said.
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