NEW YORK, Oct. 21, 2014 /PRNewswire/ -- 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:
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
Logo -
http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-levi--korsinsky-llp-reminds-investors-of-class-action-against-bankrate-inc-and-its-board-of-directors-and-a-lead-plaintiff-deadline-of-november-17-2014--rate-438788434.html
SOURCE Levi & Korsinsky, LLP