Business News • MarketWire • Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action Suit Filed Against Bankrate, Inc. and Certain of Its Senior Executives |
Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action Suit Filed Against Bankrate, Inc. and Certain of Its Senior Executives |
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Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action Suit Filed Against Bankrate, Inc. and Certain of Its Senior Executives
NEW YORK, NY--(Marketwired - Oct 10, 2013) - Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") today announced that it has filed a securities class action lawsuit on behalf of its client the Arkansas Teacher Retirement System ("Arkansas Teacher") against Bankrate, Inc. ("Bankrate" or the "Company") (NYSE: RATE), certain of its senior executives and Directors, Apax Partners, and underwriters of the Company's securities (collectively "Defendants"). The action, which is captioned Arkansas Teacher Retirement System v. Bankrate, Inc., et al., No. 13-CV-7183 (S.D.N.Y.), asserts claims under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933, 15 U.S.C. §§ 77k, 77l(a)(2) and 77o, and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a), and SEC Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5 on behalf of investors who purchased or otherwise acquired Bankrate securities in or traceable to the Company's June 16, 2011 initial public offering, in a December 6, 2011 secondary offering, or on the open market during the period from June 16, 2011 through October 15, 2012 inclusive (the "Class Period").
View More : http://www.marketwired.com/mw/release.do?id=1840300&sourceType=3
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