The law office of Frank R. Cruz continues its investigation of Polished.com Inc. (“Polished.com” or the “Company”) POLE on behalf of investors regarding the Company’s possible violations of federal securities laws.
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On August 15, 2022, after the market closed, Polished.com announced that it was unable to timely file its second quarter 2022 report due to an ongoing investigation into “specific allegations by certain former employees related to the Company’s operations.” .
On the news, Polished.com stock fell $0.54, or 35.8%, to close at $0.97 per share on August 16, 2022, hurting investors.
Then, on October 14, 2022, Polished.com announced that its Chief Executive Office and President, its Chief Operating Officer and its Chief Financial Officer and Secretary have all resigned, effective immediately.
On the news, Polished.com stock fell $0.037, or 7.5%, to close at $0.458 per share on Oct. 17, 2022, further hurting investors.
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If you have purchased Polished.com securities, have information related to or would like to learn more about these claims, or have any questions about this announcement or your rights or interests related to these matters, please contact Frank R. Cruz of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007 info@frankcruzlaw.comor visit our website at www.frankcruzlaw.com. If inquiring by email, please include your postal address, telephone number and the number of shares purchased.
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