INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Expanded Class Period and Upcoming Lead Plaintiff Deadline in the Class Action Lawsuit on Behalf of Bankrate, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP alerts investors that a class action lawsuit has been filed against Bankrate, Inc. (“Bankrate” or the “Company”) RATE that expands the class period to include purchases of securities between October 16, 2012 and September 15, 2014, inclusive (the “Class Period”). Investors who purchased Bankrate securities during the Class Period and wish to serve as a lead plaintiff in the class action must move the Court no later than November 17, 2014.

Please contact Casey Sadler or Lesley Portnoy, at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

The complaint alleges that Bankrate made false and misleading statements in violation of securities laws. Specifically, the allegations relate to the September 15, 2014 announcement, that the SEC is investigating the Company's financial reporting during 2012 and some of its previously issued financial statements should no longer be relied upon. On this news, the Company's shares fell $1.90, or over 13%, to close at $11.92 per share on September 15, 2014. Additionally, on October 8, 2014, Bankrate announced that it had terminated its CFO Edward J. DiMaria's employment with the Company for cause, effective immediately, as a result of his notifying the Company and the SEC of his decision not to cooperate in the previously announced investigation. This announcement caused the Company's stock to fall an additional $1.23 per share or over 11%, to close at $9.75 on October 10, 2014.

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