SAN FRANCISCO, Sept. 20, 2022 (GLOBE NEWSWIRE) — Hagens Berman urges Polished.com Inc. POLE investors with significant losses Submit your losses now. The firm is investigating possible violations of the Securities Act.
Polished.com Inc. (POL) Investigation:
Polished.com (f/k/a 1847 Goedeker Inc. (GOED)) has historically 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.
The company’s claims may have been questioned as of February 2, 2022, when it announced the resignation of its chief accounting officer (Robert D. Barry). That news drove Polished.com shares down about 6.5% the next day.
Then, on August 15, 2022, Polished.com announced that it would fail to file its quarterly report for the period ended June 30, 2022. The company announced that its audit committee “recently opened an independent investigation into certain allegations by some former employees associated with the company’s operations.” The news drove Polished.com’s share price on Aug. 16 Down over 35% in 2022 and wiped out more than $55 million in shareholder value.
“We are focused on investor losses and whether Polished.com may have trimmed its books,” said Reed Kathrein, Hagens Berman’s partner leading the investigation.
If you have invested in Polished.com and are experiencing significant losses or have knowledge that may assist the Company’s investigations, Click here to discuss your legal rights with Hagens Berman.
Whistleblower: Those with nonpublic information about Polished.com should consider their options to assist in the investigation or use the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive awards totaling up to 30 percent of each successful SEC recovery. For more information, call Reed Kathrein at 844-916-0895 or E-Mail POL@hbsslaw.com.
