Jun 18, 2015, 08:00 ET
NEW YORK, June 18, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Bankrate, Inc. ("Bankrate" or the "Company") (NYSE: RATE), concerning whether the board has breached its fiduciary duties to shareholders.
June 17, 2015, Bankrate issued a press release announcing the results of the Company's financial restatement of results for the fiscal years 2011, 2012 and 2013, the fiscal quarters within those years and the fiscal quarters ended March 31, 2014 and June 30, 2014. In a Form 10-Q filed the next day, the Company disclosed that it and some of its employees had received Civil Investigative Demands from the Consumer Financial Protection Bureau relating to the Company's quality control process for its online mortgage rate tables.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Bankrate shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
The law firm responsible for this advertisement is Harwood Feffer LLP (http://www.hfesq.com/). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP
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