Bronstein, Gewirtz & Grossman, LLC notifies Polished.com

Bronstein, Gewirtz & Grossman, LLC notifies Polished.com

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NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against Polished.com Inc. f/k/a 1847 Goedeker Inc. (POL; GOED) (NYSE: POL) and certain of its officers, On behalf of persons or entities operating the publicly traded Polished.com Inc. f/k/a 1847 Goedeker Inc. (“Polished”, “Goedeker ,” or the “Company”) Securities: (a) pursuant to and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s 2020 initial public offering (the “IPO” or “Offering and/or (b) between July 27, 2020 and August 25, 2022, both dates inclusive. Such investors are encouraged to join this case by visiting the Company’s website: www.bgandg.com/pol.

This Class Action seeks damages against the Defendants for alleged violations of the Securities Act of 1933 (the “Securities Act”) and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act” ) to get. .

The complaint alleges that the registration statement supporting the IPO was false and/or misleading and/or failed to disclose that: (1) the company would restate certain financial data; (2) the company’s internal controls were inadequate; (3) the company has downplayed and concealed its internal control problems; (4) contrary to the company’s statements, the company did not improve its internal controls; (5) as a result, the company would conduct an independent investigation; (6) as a result of the investigation, the Company would, among other things, retain independent attorneys and consultants and delay its quarterly filings in violation of NYSE listing requirements; (7) after the commencement of the investigation, the Company’s CEO and CFO would leave the Company; and (8) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. On the…

Continue to read on GlobeNewswire https://www.globenewswire.com/news-release/2022/11/15/2556446/9788/en/Bronstein-Gewirtz-Grossman-LLC-Notifies-Polished-com-Inc-f-k-a-1847-Goedeker-Inc-POL-GOED-Investors-of-Class-Action-and-to-Actively-Participate.html

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