SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 30, 2014 14:38 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against Bankrate, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of November 17, 2014 -- RATE

NEW YORK, NY--(Marketwired - Sep 30, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased Bankrate, Inc. ("Bankrate" or the "Company") (NYSE: RATE) common stock between March 1, 2013 and September 15, 2014.

For more information, click here: http://zlk.9nl.com/bankrate-rate/.

The complaint alleges that throughout the Class Period the Company concealed materially adverse facts including: (a) that Bankrate's financial statements contained errors related to the improper recognition of revenues and expenses; (b) that the Company lacked adequate internal controls over financial reporting; and (c) that as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

If you suffered a loss in Bankrate you have until November 17, 2014 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 jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/bankrate-rate/

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    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: (866) 367-6510
    www.zlk.com