SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Bankrate, Inc. (RATE)

11 Mar, 2016, 10:00 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, March 11, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Bankrate, Inc. ("Bankrate" or "the Company") (NYSE: RATE). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether Bankrate and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On February 24, 2015, Bankrate released its fourth quarter ends that fell short of its previously announced earnings guidance. Bankrate revealed a net income of just $4.8 million for the fourth quarter of 2015, down from $10.3 million in the same period in 2014. The Company attributed its deficit to two factors: "First, during the quarter, Google tested placement of a version of its Compare service that took up more of the display on credit card-related search results. Second, deposit advertisers significantly reduced their ad budgets far beyond the anticipated seasonal slowdown."

Following this news, shares of Bankrate dropped $5.20 per share, or 42.5%, to close at $7.28 per share on February 25, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Bankrate, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!rate/waxpb. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



RELATED LINKS

http://www.bgandg.com