The Law Offices of Frank R. Cruz Continues Investigation of Polished.com Inc. (POL) on Behalf of Investors
LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz continues its investigation of Polished.com Inc. (“Polished.com” or the “Company”) (NYSE: POL) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On August 15, 2022, after the market had closed, Polished.com disclosed that it is unable to timely file its second quarter 2022 report due to an ongoing investigation regarding “certain allegations made by certain former employees related to the Company’s business operations.”
On this news, Polished.com’s stock fell $0.54, or 35.8%, to close at $0.97 per share on August 16, 2022, thereby injuring investors.
Then, on October 14, 2022, Polished.com announced that its Chief Executive Office and President, its Chief Operating Officer, and its Chief Financial Officer and Secretary had all resigned, effective immediately.
On this news, Polished.com’s stock fell $0.037, or 7.5%, to close at $0.458 per share on October 17, 2022, thereby injuring investors further.
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If you purchased Polished.com securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com
