![]() Lead Plaintiff alleges that Defendants concealed these facts from investors and that this scheme artificially inflated ’s stock price during the Class Period. ![]() Lead Plaintiff alleges that during the Class Period, Defendants knew or recklessly disregarded that ’s relationship with the USPS was strained due to the Company’s abuse of the USPS Reseller Program. More specifically, Lead Plaintiff alleges that during the Class Period, Defendants misled investors regarding ’s “strong” relationship with the United States Postal Service (“USPS”) and that the USPS was “‘very happy’” with ’s business practices. WHAT IS THIS LAWSUIT ABOUT?Īs more fully described in the Notice of Pendency and Settlement of Class Action (the "Notice"), this Litigation arises under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and alleges that during the period from through May 8, 2019, inclusive (the “Class Period”), Defendants, Kenneth McBride, Kyle Huebner, and Jeff Carberry made materially false and misleading statements about ’s business performance and conditions. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. Class Members will not be charged for these lawyers. The law firm of Robbins Geller Rudman & Dowd LLP (“Lead Counsel”) represent Class Members. The entity that leads the Litigation, Indiana Public Retirement System, is referred to as the “Lead Plaintiff.” The company and individuals,, Kenneth McBride, Kyle Huebner and Jeff Carberry, being sued are called the Defendants. ("" or the "Company") common stock between and May 8, 2019, inclusive (the “Class Period”). Your rights may be affected by the Settlement if you purchased or otherwise acquired Inc. The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation of Settlement (the "Stipulation") dated August 16, 2021, which can be found and downloaded by clicking on the Case Documents tab above. 2:19-cv-01828-MWF-SK (the "Litigation"), pending before the United States District Court for the Central District of California (the "Court"). This website has been established to provide general information related to the proposed settlement of the case known as Karinski v. IT IS SO ORDERED.THERE IS NO PDF DOCUMENT ASSOCIATED WITH THIS ENTRY. If the Court determines that a hearing is necessary, one will be reset at a later date. Accordingly, the hearing set on this motion for Januis vacated and taken off calendar. Pursuant to General Order 21-08, Order of the Chief Judge 21-124, and Rule 78 of the Federal Rules of Civil Procedure and Local Rule 7-15, the Court finds the LEAD PLAINTIFF'S MOTION FOR: (1) FINAL APPROVAL OF CLASS ACTION SETTLEMENT (2) APPROVAL OF PLAN OF ALLOCATION (3) AWARD OF ATTORNEYS' FEES AND EXPENSES AND (4) AWARD TO LEAD PLAINTIFF appropriate for submission on the papers without oral argument. WELCOME TO THE STAMPS.COM SETTLEMENT WEBSITE SCHEDULING NOTICE and ORDER by Judge Michael W.
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