Robbins LLP Is Investigating the Officers and Directors of Bankrate, Inc. (RATE) on Behalf of Shareholders
Robbins LLP is investigating whether certain officers and directors of Bankrate, Inc. (NYSE: RATE) breached their fiduciary duties to shareholders. Bankrate publishes, aggregates, and distributes personal finance content on the Internet.
Bankrate Under Investigation for Financial Reporting
On September 15, 2014, Bankrate filed a From 8-K with the U.S. Securities and Exchange Commission, announcing that the SEC is conducting a non-public formal investigation of the company’s financial reporting during 2012. Bankrate’s Audit Committee further concluded that the company’s financial statements for fiscal years 2011, 2012, and 2013 should no longer be relied upon pending a full internal review. Finally, Bankrate used the 8-K as a platform to announce the abrupt resignation of its Chief Financial Officer.
Bankrate Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.