Stamps.com Settles with Express 1 for $10 Million

US online postage-printing company Stamps.com has settled a lawsuit with mail consolidator Express 1 for $10 million, reports EcommerceBytes.

Stamps.com agreed last month to settle the lawsuit. The case began after Stamps.com acquired ShipStation in June last year.

Express 1 alleged that ShipStation breached its contract with Express One by violating an exclusivity provision and it sought an injunction, damages, attorneys' fees, and court costs.

Along with the settlement payment the two companies also "agreed to continue and expand their business relationship going forward, and they entered mutual general releases in connection with the settlement."

Stamps.com planned acquisition of competitor Endicia is currently under a pre-merger review by the US government.

Source: EcommerceBytes

Tagged: Shipping
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