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Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Stamps.com Securities Settlement

By: Robbins Geller Rudman & Dowd LLP via Business Wire

November 12, 2021 at 08:00 AM EST

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Stamps.com Securities Settlement:

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

MATT KARINSKI, Individually and on Behalf of All Others Similarly Situated,

Plaintiff,

vs.

STAMPS.COM, INC., et al.,

Defendants.

)

Case No. 2:19-cv-01828-MWF-SK

CLASS ACTION

SUMMARY NOTICE

IF YOU PURCHASED OR ACQUIRED STAMPS.COM INC. (“STAMPS.COM”) COMMON STOCK FROM MAY 3, 2017 THROUGH AND INCLUDING MAY 8, 2019, AND WERE DAMAGED THEREBY (THE “CLASS”), YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT. CERTAIN PERSONS ARE EXCLUDED FROM THE DEFINITION OF THE CLASS AS SET FORTH IN THE STIPULATION OF SETTLEMENT.

PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and Order of the United States District Court for the Central District of California that the above-captioned litigation (the “Litigation”) has been certified as a class action and that a Settlement has been proposed for $100,000,000 in cash. A hearing will be held on January 24, 2022, at 10:00 a.m., before the Honorable Michael W. Fitzgerald at the United States District Court for the Central District of California, First Street Courthouse, 350 West First Street, Courtroom 5A, Los Angeles, California 90012, for the purpose of determining whether: (1) the proposed Settlement should be approved by the Court as fair, reasonable and adequate; (2) the proposed Plan of Allocation for distribution of the Settlement proceeds is fair, reasonable and adequate and therefore should be approved; and (3) the application of Lead Plaintiff’s counsel for the payment of attorneys’ fees and expenses should be approved.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THE LITIGATION, AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not received a detailed Notice of Pendency and Settlement of Class Action (the “Notice”) and a copy of the Claim Form, you may obtain a copy of these documents by contacting the Claims Administrator: Stamps.com Securities Settlement, c/o Gilardi & Co. LLC, P.O. Box 43315, Providence, RI 02940-3315. You may also obtain copies of the Stipulation of Settlement, Notice and Claim Form at www.StampsSecuritiesSettlement.com.

If you are a Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form by mail postmarked no later than February 2, 2022, or submit it online by that date. If you are a Class Member and do not submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will still be bound by any judgment entered by the Court in this Litigation (including the releases provided for therein).

To exclude yourself from the Class, you must submit a written request for exclusion so that it is received by January 3, 2022, in accordance with the instructions set forth in the Notice. If you are a Class Member and do not exclude yourself from the Class, you will be bound by any judgment entered by the Court in this Litigation (including the releases provided for therein) whether or not you submit a Claim Form. If you submit a written request for exclusion, you will have no right to recover money pursuant to the Settlement.

Any objection to the proposed Settlement, the Plan of Allocation, or the fees and expenses application must be filed with the Court and delivered such that it is received by each of the following no later than January 3, 2022:

CLERK OF THE COURT

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

First Street Courthouse

350 West First Street, Suite 4311

Los Angeles, CA 90012

Lead Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP

ERIC I. NIEHAUS

655 West Broadway, Suite 1900

San Diego, CA 92101

Defendants’ Counsel:

KATTEN MUCHIN ROSENMAN LLP

RICHARD H. ZELICHOV

2029 Century Park East,

Suite 2600

Los Angeles, CA 90067

PLEASE DO NOT CONTACT THE COURT, THE CLERK’S OFFICE, DEFENDANTS, OR DEFENDANTS’ COUNSEL REGARDING THIS NOTICE. If you have any questions about the Settlement, or your eligibility to participate in the Settlement, you may contact Lead Counsel at the address listed above or by calling 1-800-449-4900.

DATED: October 14, 2021

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005002/en/

Contacts

Media:

Robbins Geller Rudman & Dowd LLP

Shareholder Relations

Rick Nelson

(619) 231-1058

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