BANKRATE, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of
Class Action Against Bankrate, Inc. and Its Board of Directors and a Lead
Plaintiff Deadline of December 9, 2013
NEW YORK -- December 2, 2013
Levi & Korsinsky announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of New York on
behalf of investors who purchased Bankrate, Inc. (“Bankrate” or the “Company”)
(NYSE:RATE) common stock between, pursuant or traceable to the Company June
16, 2011 initial public offering, in a December 6, 2011 secondary offering, or
on the open market from June 16, 2011 through October 15, 2012. The complaint
alleges that Defendants made false and/or misleading statements and/or omitted
material facts regarding the Company’s insurance leads.
For more information, click here: http://zlk.9nl.com/bankrate-rate/.
On October 15, 2012, the Company announced that Bankrate would not meet its
publicly announced earnings expectations for third quarter 2012, citing
reductions in the volume of its insurance leads as a result of their poor
quality. Upon this news, the price of Bankrate stock fell approximately 22%,
from a closing price of $14.50 on October 15, 2012, to a closing price of
$11.26 on October 16, 2012.
If you suffered a loss in Bankrate you have until December 9, 2013 to request
that the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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