Bragar Eagel & Squire, P.C. Is Investigating Teladoc and Rollins and Encourages Investors to Contact the Firm

NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Teladoc Health, Inc. (NYSE: TDOC) and Rollins, Inc. (NYSE: ROL). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.

Teladoc Health, Inc. (NYSE: TDOC)

On April 27, 2022, Teladoc reported first quarter financial results for the quarter that ended on March 31, 2022. The company announced it was revising and lowering its 2022 outlook due to a “lower-than-expected” yield on the Company’s marketing spend and a net loss of $41.48 per share, which was attributed to a “non-cash goodwill impairment charge of $6.6 billion.”

Following this announcement, the company’s stock price dropped by $24.27 per share or more than 43% to close at $31.56 per share on April 28, 2022.

For more information on the Teladoc investigation go to: https://bespc.com/cases/TDOC

Rollins, Inc. (NYSE: ROL)

On October 28, 2020, Rollins disclosed a U.S. Securities and Exchange Commission (“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 subsequently filed Annual Report 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.

For more information on the Rollins investigation go to: https://bespc.com/cases/ROL

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

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