SAN FRANCISCO, Dec. 17, 2022 (GLOBE NEWSWIRE) — Hagens Berman is urging Polished.com Inc. f/k/a 1847 Goedeker Inc. POLE investors with significant losses Submit your losses now.

school lesson: July 27, 2020 – August 25, 2022
Deadline for lead plaintiff: December 30, 2022
Visit: www.hbsslaw.com/investor-fraud/POL
Contact a lawyer now: POL@hbsslaw.com
844-916-0895

Polished.com Inc. (POL) Securities Class Action:

The lawsuit alleges that the defendants made false and misleading statements in connection with Polished.com’s initial public offering (IPO), which closed on July 27, 2020.

Specifically, the complaint alleges that the IPO Materials misrepresented and omitted the following: (1) the company would restate certain financial data; (2) the company’s internal controls were inadequate; (3) the company has downplayed and concealed internal control issues; (4) as a result, the company would conduct an independent investigation; (5) As a result, the Company would retain independent attorneys and consultants and delay its quarterly financial reports in violation of NYSE listing requirements; and (6) after the investigation began, the Company’s CEO and CFO would leave the Company.

The accuracy of the IPO materials was questioned on February 2, 2022, when Polished.com announced the resignation of its Chief Accounting Officer (Robert D. Barry).

Then, on August 15, 2022, Polished.com announced that it would fail to file its quarterly report for the period ended June 30, 2022. The company announced that its audit committee “recently opened an independent investigation into certain allegations by some former employees associated with the company’s operations.”

Additionally, on October 18, 2022, Polished.com announced the abrupt departure of its CEO (Albert Fouerti), CFO (Maria Johnson) and its COO (Elie Fouerti), effective immediately.

On November 2, 2022, Polished.com announced that the Audit Committee’s investigation focused on employment and inventory management practices.

Each of these…