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Freitag, 11.11.2022 05:45 von | Aufrufe: 120

POL SHAREHOLDER ALERT: Jakubowitz Law Reminds Polished Shareholders of a Lead Plaintiff Deadline of December 30, 2022

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PR Newswire

NEW YORK, Nov. 11, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Polished.com Inc. f/k/a 1847 Goedeker Inc. (NYSE: POL).

This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Polished securities: (1) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company's 2020 initial public offering; and/or (2) between July 27, 2020 and August 25, 2022, inclusive.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until December 30, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Polished.com Inc. f/k/a 1847 Goedeker Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company would restate certain financials; (2) the Company's internal controls were inadequate; (3) the Company downplayed and obfuscated its internal controls issues; (4) as a result, the Company would engage in an independent investigation; (5) as a result of the investigation, the Company would, among other things, retain independent counsel and consultants, and delay its quarterly filings in violation of NYSE requirements of listing; (6) following the commencement of the investigation, the Company's CEO and CFO would leave the Company; and (7) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887


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