NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Polished.com Inc. (“Polished” or the “Company”) (NYSE: POL). The investigation concerns whether Polished has violated the federal securities laws and/or engaged in other unlawful business practices.
Polished operates as an online consumer goods retailer. The Company offers microwave ovens, grills, fridges, dishwashers, dryers, space heaters, rugs, garbage disposals, furniture, and other home improvement products.
On August 15, 2022, Polished disclosed that it was incapable of filing its second quarter 2022 report in a timely fashion due to an investigation into “certain allegations made by certain former employees related to the Company’s business operations.” On this news, the price of Polished shares declined by $0.54 per share, or approximately 37.56%, from $1.51 per share to close at $0.97 on August 16, 2022.
If you purchased or otherwise acquired Polished securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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