NYSE American: POL, GOED

Polished.com Inc. f/k/a 1847 Goedeker Inc.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Polished.com Inc. f/k/a 1847 Goedeker Inc. (NYSE American: POL, GOED): (i) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company’s 2020 initial public offering (the “IPO” or “Offering”); and/or (ii) between July 27, 2020 and August 25, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Polished’s investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than December 30, 2022.

If you purchased Polished securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the Company's IPO and/or July 27, 2020 through August 25, 2022

If you purchased Polished securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, throughout the Class Period, the registration statement supporting the IPO was false and/or misleading and/or failed to disclose that:

the Company would restate certain financials;
the Company’s internal controls were inadequate;
the Company downplayed and obfuscated its internal controls issues;
as a result, the Company would engage in an independent investigation;
as a result of the investigation, the Company would, among other things, retain independent counsel and consultants, and delay its quarterly filings in violation of NYSE requirements of listing;
following the commencement of the investigation, the Company’s CEO and CFO would leave the Company; and
as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

Also according to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

the Company’s internal controls were inadequate;
the Company downplayed and obfuscated its internal controls issues;
the Company did not properly construct or remediate its inadequate and ineffective internal controls;
contrary to the Company’s statements, the Company was not remediating its internal controls;
as a result, the Company would engage in an independent investigation;
as a result of the investigation, the Company would, among other things, retain independent counsel and consultants, and delay its quarterly filings in violation of NYSE requirements of listing;
following the commencement of the investigation, the Company’s CEO and CFO would leave the Company; and
as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.