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Case Status:    DISMISSED    
On or around 09/17/2018 (Other)

Filing Date: August 02, 2017

According to the Complaint, on July 2, 2017, the Board caused the Company to enter into an agreement and plan of merger ("Merger Agreement"), pursuant to which the Company's shareholders stand to receive $14.00 in cash for each share of Bankrate common stock they own (the "Merger Consideration").

The Complaint alleges that on July 28, 2017, the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement (the "Proxy") with the Securities and Exchange Commission ("SEC"), in violation of Sections 14(a) and 20(a) of the Exchange Act.

On August 23, 2017, the Court issued an Order consolidating cases. This case was voluntarily dismissed as moot on September 11.


Sector: Technology
Industry: Computer Services
Headquarters: United States


Ticker Symbol: RATE
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 17-CV-05844
DATE FILED: 08/02/2017
CLASS PERIOD END: 08/02/2017
  1. Faruqi & Faruqi LLP (New York)
  2. Monteverde & Associates PC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available