Milberg LLP Announces Investigation of Bankrate, Inc.
NEW YORK, Sept. 16, 2014 /PRNewswire/ -- Milberg LLP announces that it is investigating potential violations of the federal securities laws by Bankrate, Inc. ("Bankrate") (NYSE: RATE), in connection with allegations that the Company may have misstated its 2011, 2012, and 2013 financial statements.
On September 15, 2014, Bankrate disclosed that the Securities and Exchange Commission ("SEC") had requested documents related to Bankrate's financial reporting during 2012 and that Chief Financial Officer, Edward DiMaria has resigned. Additionally, Bankrate announced that, related to the the SEC's investigations, investors should no longer rely on its 2011, 2012, and 2013 financial statements. Bankrate's share price fell as much as 22%, and have continued to fall today.
If you have any information about the Company, or if you purchased Bankrate shares, and you would like to learn more about this potential matter, please contact the following attorney:
Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: [email protected]
SOURCE Milberg LLP
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