The Shareholders Foundation announces that an investigation for investors, who purchased their NYSE:RATE shares after June 2011 and currently hold any of those Bankrate shares was launched concnering potential wrongdoing by certain directors at Bankrate Inc
Investors who purchased shares of Bankrate Inc after June 2011 and currently hold any of those NYSE:RATE shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Bankrate Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 15, 2014, Bankrate disclosed that the Securities and Exchange Commission (“SEC”) has requested documents related to its financial reporting during 2012, and that Chief Financial Officer, Edward DiMaria has resigned. Bankrate further announced that in connection with the SEC’s investigations, investors should no longer rely on its financial statements for 2011, 2012, and 2013. Shares of Bankrate Inc (NYSE:RATE) declined to as low as $9.66 per share on October 13, 2014.
On January 6, 2015, NYSE:RATE shares closed at $11.96 per share.
Those who purchased shares of Bankrate Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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