Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
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 March 17, 2017, Bankrate disclosed a delay in filing its annual
report for 2016 resulting from 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” and 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.”
KSF’s investigation is focusing on whether Bankrate’s officers and/or
directors breached their fiduciary duties to its shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Bankrate shares and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
Kahn (lewis.kahn@ksfcounsel.com).
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, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170428006096/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner,
877-515-1850
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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