November 25, 2014 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
September 23, 2014 - The court preliminarily approved the settlement.

September 17, 2014 - Parties filed an amended stipulation of settlement.

August 5, 2014 - Parties filed a stipulation of settlement.

April 22, 2014 - The court granted in part and denied in part the defendants' motion to dismiss.

February 11, 2014 - The defendants filed a motion to dismiss.

January 21, 2014 - The plaintiff filed an amended complaint.

December 9, 2013 - A lead plaintiff motion was filed.

October 10, 2013 - An investor in shares of Bankrate Inc (NYSE: RATE) filed a lawsuit in the U.S. District Court for the Southern District of New York against Bankrate Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between June 16, 2011 and October 15, 2012.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise otherwise acquired Bankrate Inc (NYSE: RATE) securities in or traceable to Bankrate Inc's June 16, 2011 initial public offering, in a December 6, 2011 secondary offering, or on the open market during the period from June 16, 2011 through October 15, 2012 inclusive, that Bankrate Inc and certain senior executives and Directors, Apax Partners, and underwriters of Bankrate Inc's securities violated the Securities Act of 1933 and the Securities Exchange Act of 1934.

More specifically, the plaintiff claims that the defendants issued between June 16, 2011 through October 15, 2012 allegedly false and misleading press releases, financial statements, filings with the Securities and Exchange Commission, made false and misleading statements and omissions during investor conference calls, and sold the Bankrate Inc's shares in the IPO and secondary offering by means of allegedly false and misleading prospectuses.

The plaintiff says that the defendants misled investors regarding the quality of Bankrate Inc's insurance leads and as a result of Defendants' allegedly false statements and omissions, Bankrate Inc's securities traded at artificially inflated prices between June 16, 2011 through October 15, 2012.

Indeed shares of Bankrate Inc (NYSE: RATE) grew from as low as $14.85 per share in August 2011 to as high as $24.75 per share in March 2012.

Then on October 15, 2012, after the market closed, Bankrate Inc announced its preliminary Third Quarter Fiscal 2012 Results. Among other things, Bankrate Inc said its Total revenue for the third quarter is expected to be between $115.5 million and $117.5 million. Furthermore Bankrate Inc said it that adjusted earnings before interest, taxes, depreciation, and amortization, excluding share-based compensation expense and IPO and deal related expenses, are expected to be between $28.5 and $30 million in the third quarter of 2012, compared to $36.0 million in the third quarter of 2011, or a decline of 19% at the midpoint of the range.

Shares of Bankrate Inc (NYSE: RATE) fell from $14.50 per share on October 15, 2012 to $10.40 per share on October 16, 2012 and continued to decline to as low as $10.17 on November 8, 2012.