Berman Tabacco Announces Investigation of Polished.com Inc. (POL, POL WS) f/k/a 1847 Goedeker Inc. for Potential Securities Law Violations
household appliances market. Prior to July 20, 2022, the Company was known as 1847 Goedeker Inc. with its common stock and warrants trading under the symbols "GOED" and "GOED WS", respectively.
About the Investigation
On or about August 15, 2022, after the market close, Polished.com disclosed in a press release that it had "filed a Form 12b-25 with the U.S. Securities and Exchange Commission ('SEC') in connection with its inability to timely file the Form 10-Q for its second quarter of fiscal year 2022 ended June 30, 2022." The Company further revealed that "the Audit Committee of the Company's Board of Directors, with the assistance of independent legal counsel and consultants, has commenced an internal investigation regarding certain allegations made by certain former employees related to the Company's business operations." As a result the Company stated that "the process of finalizing financial statements for the second quarter of fiscal year 2022 could not be completed on a timely basis."
On this news, Polished.com common shares closed at $0.9751 per share on August 16, 2022 (down 35% from its closing price of $1.51 per share on August 15, 2022).
If you sustained losses from your transactions in Polished.com securities and would like to discuss your legal rights and/or options, please provide your information here: Shareholder Contact | Berman Tabacco.
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About Berman Tabacco
Berman Tabacco is a national law firm representing institutions and individuals in lawsuits, seeking to recoup losses caused by corporate and board misconduct and violations of the securities and antitrust laws. The firm has offices in Boston, Massachusetts and San Francisco, California.
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Contact:
Berman Tabacco
Jay Eng, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
The issuer is solely responsible for the content of this announcement.
