Glancy Binkow & Goldberg LLP is investigating potential claims on behalf of purchasers of Bankrate, Inc. (NYSE:RATE) securities concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between June 16, 2011 and October 15, 2012 regarding Bankrate’s business, operations and prospects were false and misleading.
Glancy Binkow & Goldberg LLP Announces Investigation of Bankrate, Inc.
Los Angeles, CA – Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of purchasers of Bankrate, Inc. (“Bankrate” or the “Company”) (NYSE:RATE) securities concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between June 16, 2011 and October 15, 2012 regarding Bankrate’s business, operations and prospects were false and misleading.
Bankrate publishes, aggregates and distributes personal finance content on the Internet. Specifically, the investigation is related to Bankrate’s October 15, 2012, disclosure that its preliminary third-quarter revenue and earnings were significantly below expectations due to transitions in its insurance lead business. On this news, shares of Bankrate declined $3.24 per share, or 22.34%, to close on October 16, 2012 at $11.26 per share, on heavy trading volume.
If you purchased Bankrate securities between June 16, 2011 and October 15, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.
If you would like to view a copy of a retention agreement or discuss matters further, please contact us by email at shareholders@glancylaw.com or by phone at (310) 201-9150.
