Bankrate, Inc. Investors Encouraged to Contact Securities Law Firm about Investigation into Allegations of Corporate Wrongdoing

NEW YORK, Sept. 19, 2014 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating allegations for Bankrate, Inc. shareholders (NYSE: RATE). Concerned RATE investors who purchased shares are encouraged to contact securities attorney Hamilton Lindley by clicking here.

The law firm is investigating a potential federal securities class action against Bankrate in relation to their disclosure of an investigation by the SEC into financial reporting irregularities.  Management stated that previously issued statements from the IPO on June 16, 2011 through the end of fiscal year 2013 should not be relied upon.  In addition to the IPO on June 16, 2011, Bankrate issued additional stock in SPOs on December 6, 2011 and March 4, 2014.  The most recent offering sold for $18.25 per share.

As a result of the disclosure, the stock closed down $1.90 on September 15th, at $11.92.

Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. RATE stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions or concerns toll free at 844-702-2990 or visit http://www.dunnamlaw.com/RATE.

SOURCE Dunnam & Dunnam