The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Law Offices of Todd M. Garber Announces Investigation of Bankrate, Inc.

Monday, May 13, 2013

Law Offices of Todd M. Garber Announces Investigation of Bankrate, Inc.

09:32 EDT Monday, May 13, 2013

LOS ANGELES (Business Wire) -- The Law Offices of Todd M. Garber announces that it is investigating potential claims against Bankrate, Inc. (“Bankrate” or the “Company”) (NYSE:RATE) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Bankrate between June 16, 2011 and October 15, 2012 were false and misleading concerning the Company's business and financial prospects.

Bankrate publishes, aggregates and distributes personal finance content on the Internet. 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. Following 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 prior to or 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 Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections