NEW YORK, Sept. 19, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Bankrate, Inc. ("Bankrate" or the "Company")(NYSE: RATE). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether Bankrate, Inc. and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On September 15, 2014, Bankrate disclosed that the Securities and Exchange Commission, ("SEC") has requested documents related to its financial reporting during 2012 and that Chief Financial Officer, Edward DiMaria has resigned. The Company also announced that in connection with the SEC's investigations, investors should no longer rely on its 2011, 2012, and 2013 financial statements.

On this news, shares of Bankrate fell $1.90 per share, or more than 13.70% to close at $11.92 on September 15, 2014.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

SOURCE Pomerantz LLP