NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Polished.com Inc. f/k/a 1847 Goedeker Inc. (“Polished.com” or the “Company”) POLE WELL))). A class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Polished.com securities pursuant to or traceable to the Company’s registration statement for its July 2020 initial public offering (“IPO”) or purchased Polished.com securities between July 27th or have acquired. 2020 and August 26, 2022 (the “Collection Period”).
If you have purchased securities from Polished.com during class time and would like to discuss our investigation or your rights to compensation, please click below:
Or contact us by email pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll-free number 1-800-290-1952.
If you are a member of the proposed class, you can move the court by December 30, 2022 at the latest to serve as lead plaintiff for the alleged class. You do not have to seek lead plaintiff to participate in a possible recovery.
According to the complaint, Polished.com purports to be a content-driven and technology-enabled shopping destination for home appliances, furniture, and housewares.
On or about July 27, 2020, Polished.com completed its IPO and issued more than 1.1 million shares at $9.00 per share.
On August 15, 2022, after the close of trading, Polished.com notified investors through a press release and filing of a Form 12b-5 with the SEC that it was not filing its quarterly report on Form 10-Q for the period ended June 30, 2022 because the company needed additional time to complete a newly announced investigation. The August 15 press release states, among other things, the following:
“[T]The Audit Committee of the Company’s Board of Directors, with the assistance of independent legal counsel and consultants, has opened an internal investigation into certain allegations made by certain former employees in connection with…
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