Company News »

BANKRATE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Bankrate, Inc. Following Disclosure of SEC Investigation and Resignation of CFO

Business Wire
Share on StockTwits
Published on

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Bankrate, Inc. (NYSE:RATE) .

On September 15, 2014, Bankrate disclosed that the Securities and Exchange Commission (“SEC”) is conducting a formal investigation related to the Company’s financial results from 2012. The Company further disclosed that its chief financial officer has resigned and that its Audit Committee has determined that its previously issued financial statements for fiscal 2011, 2012 and 2013 shouldn’t be relied on, pending the conclusion of an ongoing internal review.

On this news, the price of Bankrate’s shares plummeted.

KSF’s investigation is focusing on whether Bankrate and/or its officers and directors violated state or federal securities laws.

If you are a Bankrate shareholder that has suffered losses related to your investment or have information that would assist KSF in its investigation, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York, California and Louisiana. KSF’s lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit

Share on StockTwits