Pitney Bowes Inc. Shareholder Files Lawsuit

An broker in Pitney Bowes Inc. (Public, NYSE:PBI) filed a accusation in the United States District Court for the District of Connecticut on account of purchasers of the accepted banal of Pitney Bowes Inc. ("Pitney Bowes") (NYSE:PBI) amid July 30, 2007 and October 29, 2007, over declared violations of Federal Securities Laws by Pitney Bowes and others.

Those who purchased accepted banal of Pitney Bowes Inc. (NYSE:PBI) amid July 30, 2007 and October 29, 2007, accept assertive options and there are austere and abbreviate deadlines running. Deadline: December 23, 2009. Those PBI investors and accepted continued appellation investors, who purchased their PBI shares afore July 30, 2007, should acquaintance the Shareholders Foundation, Inc at Email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 – 1554. According to the complaint the plaintiff alleges that Pitney Bowes and assertive admiral of Pitney Bowes abandoned the Securities Exchange Act of 1934 by arising amid July 30, 2007 and October 29, 2007 abundant absolute statements apropos Pitney Bowes banking condition, business and prospects, that were inaccurate statements of actual actuality if fabricated because defendants bootless to acknowledge actual facts. Then on October 29, 2007, Pitney Bowes captivated a appointment alarm with analysts and investors to altercate Pitney Bowes balance and operations. During the appointment call, so the lawsuit, defendants accepted that a host of factors acquired Pitney Bowes to acutely absence the balance they had promised and in acknowledgment to Pitney Bowes announcement, the amount of Pitney Bowes accepted banal PBI beneath from $42.68 per allotment to $36.27 per allotment on acutely abundant trading volume.

Pitney Bowes Inc., amid in Stamford, CT, is a provider of mail processing accessories and chip mail solutions. The Company offers a ambit of equipment, supplies, software and casework for end-to-end mailstream solutions, which accredit its barter to optimize the breeze of concrete and cyberbanking mail, abstracts and bales above their operations. Pitney Bowes Inc appear in 2007 Total Revenue of $6.1298billion with a Net Income of $366.78million and in 2008 Total Revenue of $6.26231billion with a Net Income of $419.79million. Pitney Bowes Inc shares PBI afresh traded at $24.48 per share, down from its 52weekHigh of $27.46 per share, $36.60 per allotment in September ’08, $38.14 per allotment in May ’08, $45.26 per allotment in October ’07, and $48.34 per allotment in April 2007.