Press release from Business Wire
Glancy Binkow & Goldberg LLP Announces Investigation of Bankrate, Inc.
Thursday, February 07, 2013
Glancy Binkow & Goldberg LLP Announces Investigation of Bankrate, Inc.15:21 EST Thursday, February 07, 2013 LOS ANGELES (Business Wire) -- 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 firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael Goldberg310-201-9150 or email@example.com