1847 Holdings discloses class action lawsuit against former subsidiary Polished.com and its directors

1847 Holdings LLC

Class action filed Oct 31, 2022 in EDNY against Polished.com, its IPO underwriters, and directors including Ellery W. Roberts and Robert D. Barry.
Lawsuit alleges SEC filings contained misstatements and omissions about inadequate internal controls.
A derivative lawsuit filed Feb 13, 2023 in EDNY names Roberts, Crosnoe, Milburn, and 1847 Partners for aiding breach of fiduciary duty.
Derivative claims are stayed pending resolution of the class action motion to dismiss.
1847 Holdings is not a party but filed this 8-K to disclose material information to shareholders.

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