Los Angeles, California--(Newsfile Corp. - December 3, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rollins, Inc. ("Rollins" or "the Company") (NYSE: ROL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rollins disclosed that it was the subject of an SEC investigation on October 28, 2020. The Company believed that the subject of the investigation was its policies and procedures on how accruals and reserves were established and their impacts on earnings. On February 26, 2021, the Company announced that an internal investigation 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 October 29, 2021, the Company announced that it "has initiated discussions with the SEC staff regarding a potential resolution of the investigation" and "recorded an accrual related to this matter in the third quarter of 2021." Based on this news, shares of Rollins fell by 3% on November 1, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106607