NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against RBC Bearings Incorporated ROLLIntuit, Inc. INTURollins, Inc. ROLEand PROG Holdings, Inc. PRG. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

RBC Bearings Incorporated ROLL

On August 4, 2022, RBC announced in a filing with the US Securities and Exchange Commission that “the previously released consolidated financial statements for the years ended April 2, 2022, April 3, 2022 and March 28, 2020 and the consolidated financial statements for the quarters included therein (the “Affected Periods”) included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 26, 2022 contained an error relating to the accounting of non-cash stock-based compensation granted to the company’s CEO and COO. Because of this error, the Audit Committee determined that the Company’s consolidated financial statements for the affected periods contained in the 2022 Annual Report on Form 10-K should not be relied upon and should be restated by restating selling, general and administrative expenses to reflect the non-cash stock-based compensation that should have been recognized in each of the affected periods.”

As a result of this news, RBC’s share price fell $16.68 per share, or 6.71%, to close at $231.91 per share on August 4, 2022.

For more information on the RBC investigation, go to: https://bespc.com/cases/ROLL

Intuit, Inc. INTU

On March 29, 2022, the FTC filed a lawsuit against Inuit alleging that the company tricked millions of Americans into paying for tax service preparation software that was supposed to be free. On May 4, 2022, Intuit agreed to pay $141 million to settle similar turbo tax allegations.

On this…