NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against First High-School Education Group Co., Ltd. (NYSE: FHS), Enservco Corp. (NYSE: ENSV), 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.
First High-School Education Group Co., Ltd. (NYSE: FHS)
On or around March 11, 2021, First High-School Education conducted its initial public offering (“IPO”), and the company sold 7.5 million shares for $10.00.
The investigation seeks to determine whether the Company’s filings with the U.S. Securities and Exchange Commission in connection with its March 2021 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company’s business, and operations.
Since the IPO the stock has plummeted and on April 6, 2022, First High-School Education stock closed at $1.43.
For more information on the First High-School investigation go to: https://bespc.com/cases/FHS
Enservco Corp. (NYSE: ENSV)
On April 18, 2022, Enservco disclosed in a filing with the U.S. Securities and Exchange Commission that it had “concluded that the Company’s previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the ‘Relevant Periods’) should no longer be relied upon due to the Company’s utilization of certain deferred tax liabilities in 2021” and that “[t]he Company intends to amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Period.”
On this news, Enservco’s stock price fell sharply during intraday trading on April 19, 2022.
For more information on the Enservco investigation go to: https://bespc.com/cases/ENSV
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.
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
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