NEW YORK, Nov. 17, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Polished.com Inc. f/k/a 1847 Goedeker Inc. (“Polished” or the “Company”) POLE. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Polished and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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In July 2020, Polished (then known as 1847 Goedecker Inc.) completed its initial public offering (“IPO”) and sold shares at a price of $9.00 per share. Then, on August 15, 2022, after the market close, Polished announced on its Form 12b-25 filed with the SEC that as a result it was unable to file its Form 10-Q for the second quarter of its fiscal year 2022 ended August 30, 2022. June 2022 ended timely filing The Board’s Audit Committee recently “opened an independent investigation into certain allegations made by certain former employees in connection with the Company’s operations.” The company also announced that “[t]The investigation is ongoing and the Audit Committee continues to work diligently with independent counsel and counsel to complete the investigation” and that “[t]The Company cannot predict the length of the investigation, its potential scope, its outcome or its impact on the Company’s financial results.” Following this news, Polished’s share price fell sharply during after-hours trading on August 15, 2022 and pre-market trading on August 16. Aug 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established…