Stamps.com, Investors Win Final Nod for $100 Million Settlement

Stamps.com Inc. and investors who say it misled them about its relationship with the U.S. Post Office secured final approval for a $100 million deal resolving their securities dispute from a federal judge in California.

The cash settlement is a “tremendous” result and represents 7.2% to 13.3% of estimated damages at trials, depending on which class period won out, the online shipping company’s investors told the U.S. District Court for the Central District of California.

Judge Michael W. Fitzgerald in 2020 certified a class covering all investors who acquired Stamps.com common stock from May 3, 2017, through May 8, 2019, ...