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Press release content from Business Wire. The AP news staff was not involved in its creation.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Rollins, Inc. (ROL) on Behalf of Investors

November 19, 2021 GMT

BENSALEM, Pa.--(BUSINESS WIRE)--Nov 19, 2021--

Law Offices of Howard G. Smith announces an investigation on behalf of Rollins, Inc. (“Rollins” or the “Company”) (NYSE: ROL ) investors concerning the Company’s possible violations of federal securities laws.

On October 28, 2020, Rollins disclosed that the SEC “is conducting an investigation, which the Company believes is primarily focused on how it established accruals and reserves at period-ends and the impact of those accruals and reserves on reported earnings . . . beginning January 1, 2015.”

On this news, Rollins stock declined $1.42, or 3.5%, to close at $38.89 per share on October 29, 2020.

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Then, on February 26, 2021, Rollins stated that at internal investigation into the matters related to the SEC 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.”

Then, on October 29, 2021, Rollins stated 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.”

On this news, Rollins stock fell $1.02, or 3%, to close at $34.03 per share on November 1, 2021, thereby injuring investors.

If you purchased Rollins securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20211119005713/en/

CONTACT: Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Law Offices of Howard G. Smith

Copyright Business Wire 2021.

PUB: 11/19/2021 03:17 PM/DISC: 11/19/2021 03:17 PM

http://www.businesswire.com/news/home/20211119005713/en