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).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/polished-com-inc-loss-submission-form/?id=33550&from=4
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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SOURCE Jakubowitz Law