NEW YORK, Nov. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits may be filed on behalf of shareholders of Polished.com, Inc. (NYSEAmerican : POL) , US Bancorp (NYSE: USB) and FIG, Inc. (NYSE: FIG). Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.
Polished.com, Inc. (NYSEAmerican: POL)
Class period: July 27, 2020 – August 25, 2022
Lead Plaintiff Deadline: December 30, 2022
According to the complaint, 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) as a result, the company would conduct an independent investigation; (5) 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; (6) after the commencement of the investigation, the Company’s CEO and CFO would leave the Company; and (7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. The Complaint also alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) the Company’s internal controls were inadequate; (2) the company has downplayed and obfuscated its internal control issues; (3) the entity has failed to properly establish or address its inadequate and ineffective internal controls; (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…
Continue to read on GlobeNewswire https://www.globenewswire.com/news-release/2022/11/07/2549210/0/en/Bragar-Eagel-Squire-P-C-Reminds-Investors-That-Class-Action-Lawsuits-Have-Been-Filed-Against-Polished-US-Bancorp-and-FIGS-and-Encourages-Investors-to-Contact-the-Firm.html