NYSE: ROL

Rollins, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Rollins, Inc. (NYSE: ROL) resulting from allegations that Rollins may have issued materially misleading business information to the investing public.

If you purchased Rollins securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Rollins securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On October 28, 2020, Rollins disclosed that a U.S. Securities and Exchange Commission (SEC) investigation had been initiated and believed the SEC’s focus to be how accruals and reserves were established at period ends and their impact on reported earnings going as far back as January 2015.

On February 26, 2021, Rollins announced that an internal investigation into the same matters found “a significant deficiency in the Company’s internal controls relating to the documentation and review of accounting entries for certain reserves and accruals.”

On April 18, 2022, the SEC announced that Rollins agreed to pay $8 million to settle the charges that Rollins made unsupported reductions to its accounting reserves to improperly boost its earnings per share.

On this news, Rollins share price fell $0.55, or approximately 1.6%, to close at $34.29 on April 18, 2022, damaging investors.

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公司名称: Rollins, Inc.
股票代号: ROL
集体诉讼期: N/A
法院: N/A

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