Bankrate comes to terms on $20M settlement of securities class action

• Bankrate (RATE -0.1%) says it has a proposed settlement of a private securites class action suit.
• The company would pay $20M in cash to a fund to resolve claims of investors who bought the stock between Oct. 27, 2011, and Oct. 9, 2014, and deny all claims of wrongdoing or liability.
• That requires approval by the court. About 70% of that funding would come out of insurance.
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