IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Bankrate, Inc. (“Bankrate” or the “Company”) (NYSE: RATE) concerning possible violations of federal securities laws.
If you purchased shares of Bankrate and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
The investigation focuses on whether Bankrate and certain of its officers and/or directors violated federal securities laws. On March 17, 2017, the Company announced that it would delay filing its annual report for 2016, citing the discovery of a “calculation error ... in a valuation report prepared by a third party valuation specialist that was a key input in the valuation of the impairment of finite lived assets in the 2016 fiscal year in [Bankrate's] Quizzle business.” Bankrate also said that it “expects to disclose a material weakness in its internal control over financial reporting in its Annual Report related to its controls over validating reports prepared by third party valuation specialists.” When this news was revealed, the Company’s stock price dropped.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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