The law firm Schalla national stockholder rights litigation firm, announces the filing of a class action lawsuit against Polished.com Inc. f/k/a 1847 Goedeker Inc. (“Polished.com” or “the Company”) (NYSE American: POLE) for violations of federal securities laws.
Investors who purchased the Company’s shares pursuant to and/or as a result of the Company’s initial public offering in July 2020 (the “IPO”) or between July 27, 2020 and August 25, 2022 (the “Collection Period”) are encouraged to contact the company before December 30, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 at 310-301-3335 to discuss your rights free of charge. You can also contact us via the law firm’s website at www.schallfirm.comor by email at bschall@schallfirm.com.
The class in this case has not yet been certified and you will not be represented by an attorney until certification. If you don’t do anything, you can remain absent.
According to the complaint, the company made false and misleading statements to the market. Polished.com has been forced to restate its financial statements for certain periods. The company has failed to maintain adequate controls over financial reporting, but has downplayed that failure to investors. The company was forced to conduct an internal investigation into the failures, resulting in both the CEO and CFO leaving their positions. Based on these facts, the Company’s public statements throughout the class action period were false and substantially misleading. When the market broke the truth about Polished.com, investors suffered.
Join the case to make up for your losses.
The law firm of Schall represents investors around the world and specializes in securities class actions and shareholder disputes.
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