Market Overview

Stamps.com Jumps 14% On Five-Year Lawsuit Amistice

A five-year truce has been called in the war over online stamps.

Stamps.com (NASDAQ: STMP) shares were up nearly 14% in late trading Thursday on the news it had settled patent lawsuits with competitor Endicia. The companies also agreed not to sue each other for patent infringement for the next five years, Stamps.com said in a regulatory filing Thursday. No payments were involved in the settlement of several lawsuits, Stamps.com says.

Read the full story at Investor's Business Daily here

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