Bragar Eagel & Squire, PC Investigate Enservco,
NEW YORK, May 22, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Enservco Corp. (NYSE: ENSV), Teladoc Health, Inc. (NYSE: TDOC), Rollins, Inc. (NYSE: ROL) and Tupperware Brands Corporation (NYSE: TUP). Our investigations focus on whether these companies have violated federal securities laws and/or engaged in other illegal business practices. Additional information on each case can be found at the link provided.
Enservco Corp. (NYSE: ENSV)
On April 18, 2022, Enservco disclosed in a filing with the United States Securities and Exchange Commission that it had “concluded that the company’s previously released condensed consolidated financial statements as of and for the three months ended March 31, 2021, June 30, 2021 and June 30, 2021 (collectively, the “Relevant Periods”) should no longer be relied upon due to the Company’s use of certain deferred tax liabilities in 2021″ and that “[t]The Company intends to amend its quarterly reports on Form 10-Q for the relevant periods to reflect the restatements to its condensed consolidated financial statements for the relevant period.
At this news, Enservco’s stock price fell sharply during intraday trading on April 19, 2022.
For more information on the Enservco investigation, visit: https://bespc.com/cases/ENSV
Teladoc Health, Inc. (NYSE:TDOC)
On April 27, 2022, Teladoc released first quarter financial results for the quarter that ended March 31, 2022. The company announced that it was revising and reducing its outlook for 2022 due to performance “below expectations” on the company’s marketing spend. and a net loss of $41.48 per share, which was attributed to a “$6.6 billion non-cash goodwill impairment charge.”
Following this announcement, the company’s stock price fell $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, visit: 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 determined period-end accruals and reserves and the impact of these accruals and reserves on reported earnings for periods beginning January 1, 2015 The company’s subsequently filed annual report disclosed the results of an internal investigation initiated by the company that revealed a material deficiency in internal controls of the company relating to the documentation and review of accounting entries for certain reserves and accrued liabilities. Then, on October 29, 2021, Rollins reported that he had entered into discussions with SEC staff regarding a possible investigative resolution.
For more information on the Rollins investigation, visit: https://bespc.com/cases/ROL
Tupperware Brands Corporation (NYSE:TUP)
On May 4, 2022, the company reported lackluster operating results, well below estimates: Adjusted EPS from continuing operations 12 cents, estimate 53 cents; and net sales of $348.1 million, estimated at $362.5 million. Additionally, the company withdrew its full-year 2022 guidance and appointed a new chief financial officer. The Company attributed the poor performance to the conflict in Russia and Ukraine. Interestingly, when pressed by analysts on a conference call, the company admitted that Russia and Ukraine only account for 2% of its revenue.
On this news, the price of Tupperware shares fell $5.76 per share, or approximately 32.16%, from $17.91 per share to close at $12.15 per share on May 4, 2022.
For more information on the Tupperware survey, visit: https://bespc.com/cases/TUP
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC 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, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.
Bragar Eagel & Squire, CP
Brandon Walker, Esq.
Melissa Fortunato, Esq.