NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Polished.com, Inc. f/k/a Goedeker Inc. (the “Company”) (NYSE: POL).
In August 2022, the Company disclosed that it would not timely file its “quarterly report on Form 10-Q for the period ended June 30, 2022 within the prescribed time period” because it required additional time to complete a newly announced investigation and that it was no longer in compliance with NYSE regulations due to that failure. Then, in October 2022, the Company disclosed that its Chief Executive Officer and President, Chief Operating Officer, and Chief Financial Officer and Secretary, had resigned from the Company effective immediately.
The Company has been sued in a securities class action lawsuit for failing to disclose material information during the class period, violating federal securities laws, which remains pending.
KSF’s investigation is focusing on whether Polished’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Polished shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-pol/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner