Class action lawsuit filed by Polished.com Inc.: Johnson

Class action lawsuit filed by Polished.com Inc.: Johnson

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SAN DIEGO, Nov. 04, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors in Polished.com Inc. f/k/a 1847 Goedeker Inc. (NYSE: POL). The Class Action is being brought on behalf of shareholders who purchased Polished pursuant to and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s 2020 IPO (the “IPO” or “Offering”) ) were issued “); and/or (ii) between July 27, 2020 and August 25, 2022 inclusive (the “Collection Period”). Investors are hereby notified that they have until December 30, 2022 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/polished-com-inc-fka-1847-goedeker-inc

There are no costs or obligations for you.

Plaintiff alleges that the Defendants provided materially false and misleading information in the IPO Registration Statement and throughout the Class Period. Specifically, Plaintiff alleges that the Defendants failed to disclose, among other things: (1) the Company would restate certain financial measures; (2) the company’s internal controls were inadequate; (3) the company has downplayed and concealed its internal control problems; and (4) as a result, the company would initiate an independent investigation.

A lead plaintiff will act on behalf of all other class members in conducting Polished’s class action. The lead plaintiff may select a law firm of its choice to conduct the class action. An investor’s ability to share a potential future recovery of the Polished class…

Continue to read on GlobeNewswire https://www.globenewswire.com/news-release/2022/11/04/2548974/0/en/Polished-com-Inc-Class-Action-Complaint-Filed-Johnson-Fistel-Encourages-Shareholders-to-Submit-Their-POL-Losses.html

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