HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, encourages Polished.com (POL; GOED) investors to contact firm attorneys as firm investigates possible violations of securities law
SAN FRANCISCO, Aug. 16, 2022 (GLOBE NEWSWIRE) — Hagens Berman urges Polished.com Inc. POL investors with significant losses for submit your losses now. The company is investigating possible violations of securities laws.
Investigation of Polished.com Inc. (POL):
In the past, Polished.com (f/k/a 1847 Goedeker Inc. (GOED)) has assured investors that it has adequate internal controls over financial reporting and that its financial statements have been prepared in accordance with generally accepted accounting principles. recognised.
The company’s claims may have been called into question as of February 2, 2022, when it announced the resignation of its chief accounting officer (Robert D. Barry). This news caused Polished.com’s stock price to drop about 6.5% the next day.
Then, on August 15, 2022, Polished.com announced that it would not timely file its quarterly report for the period ending June 30, 2022. The company disclosed that its audit committee “recently opened an investigation independent regarding certain allegations made by certain former employees related to the Company’s business activities.” This news sent Polished.com’s stock price plummeting by more than 35% on August 16, 2022, wiping out more than $55 million in value shareholder.
“We are focused on the losses to investors and whether Polished.com may have messed up its books,” said Reed Kathrein, Hagens Berman’s partner leading the investigation.
If you have invested in Polished.com and have significant losses, or have knowledge that can help the company’s investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: People with nonpublic information about Polished.com should consider their options to help with the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30% of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
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Reed Kathrein, 844-916-0895