MONDAY DEADLINE: 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 -- RATE
NEW YORK, Dec. 6, 2013
NEW YORK, Dec. 6, 2013 /PRNewswire/ --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.
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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
firstname.lastname@example.org 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.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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