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Investigation announced for Investors in shares of Rollins, Inc. (NYSE: ROL) over possible Violations of Securities Laws

12-02-2021 01:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Rollins, Inc. (NYSE: ROL) shares over potential securities laws violations by Rollins, Inc.

An investigation for investors in Rollins, Inc. (NYSE: ROL) shares over potential securities laws violations by Rollins, Inc.

An investigation was announced concerning potential securities laws violations by Rollins, Inc. in connection with certain financial statements.

Investors who purchased shares of Rollins, Inc. (NYSE: ROL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Rollins, Inc. (NYSE: ROL) concerning whether a series of statements by Rollins, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Atlanta, GA based Rollins, Inc., through its subsidiaries, provides pest and termite control services to residential and commercial customers. Rollins, Inc. reported that its annual Total Revenue rose from over $2.01 billion in 2019 to over $2.16 billion in 2020, and that its Net Income increased from $203.34 million in 2019 to $260.82 million in 2020.

On October 28, 2020, Rollins, Inc. filed its Form 10-Q with the Securities and Exchange Commission ("SEC"), disclosing an SEC investigation into how the Company established accruals and reserves at period-end and the impact of those accruals and reserves on reported earnings for periods beginning January 1, 2015. The Company's 2020 Form 10-K later disclosed the results of an internal Company-initiated investigation that found a significant deficiency in the Company's internal controls relating to the documentation and review of accounting entries for certain reserves and accruals. Then, on October 29, 2021, Rollins reported that it had initiated discussions with the SEC staff regarding a potential investigation resolution. It booked a related accrual during the third quarter of 2021, which is reflected in the Company's financial statements.

Shares of Rollins, Inc. (NYSE: ROL) declined from $40.11 per share in early September 2021, to as low as $31.93 per share on December 1, 2021.

Those who purchased shares of Rollins, Inc. (NYSE: ROL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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