NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of Rollins, Inc. shareholders. ROL following allegations that Rollins disclosed potentially materially misleading business information to the investing public.

SO WHAT: If you have purchased Rollins securities, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=2735 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On October 28, 2020, Rollins announced that a United States Securities and Exchange Commission (SEC) investigation had been launched and believed the SEC’s focus is on how provisions and reserves were formed at the end of the reporting period and how they affect the impact reported earnings through January 2015.

Then, on February 26, 2021, Rollins announced that an internal investigation into the same matters had revealed “a material deficiency in the Company’s internal controls relating to the documentation and verification of accounting entries for certain reserves and accruals.” As a result of this news, Rollins stock prices fell $0.87, or 2.5%, to close at $33.17 per share on February 26, 2021, hurting investors.

Then, on April 18, 2022, the SEC announced that Rollins agreed to pay $8 million to settle charges Rollins made unsupported cuts to its accounting reserves to unreasonably increase its earnings per share . As a result of this news, Rollins’ stock price fell $0.55, or about 1.7%, to close at $34.29 on April 18, 2022, hurting investors.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Often,…