Jan. 27, 2023, 6:08 PM
Equipment and furnishings retailer Polished.com Inc. had poor inside monetary controls that weren’t disclosed in SEC filings and public statements, an investor says in a swimsuit in opposition to present and former executives and administrators.
The accounting points led to an inside investigation, the departure of its CEO and chief monetary officer, a shareholder class motion, and different expensive penalties, Mei Ling Wong says. Her spinoff swimsuit on behalf of Polished, which was often known as 1847 Goedeker Inc. till August 2022, was entered within the docket of the US District Court docket for the Japanese District of New York Thursday.
Polished “can have …
