Another suit filed against Lumber Liquidators

HomeNewsAnother suit filed against Lumber Liquidators

New York — More shareholders of Lumber Liquidators are lining up to sue the company over alleged false and misleading statements.



Law firm Bernstein Liebhard said it has filed a class action lawsuit in the United States District Court for the Eastern District of Virginia on behalf of shareholders who purchased shares between Feb. 22, 2012, and Nov. 21, 2013. 

The suit contends, according to a press release, that Lumber Liquidators failed to disclose “material adverse facts” about its business, operations, and prospects.

Specifically, the suit refers to well publicized reports that some Lumber Liquidators products may have more than the legal amount of formaldehyde emissions, and the allegation that some of its products violate the Lacey Act regarding illegally sourced wood.

Must Read

Year-over-year gains for single-family built-for-rent starts

Washington, D.C.—Single-family built-for-rent construction posted year-over-year gains as of the first quarter of 2024, as builders sought to add additional rental housing in a...

New home sales down in April

Washington, D.C.—Mortgage rates that averaged above 7% since mid-April—per Freddie Mac data—acted as a drag on new home sales in April, according to the...

NAFCD welcomes Michael Wilbur as new executive director

New Orleans, La.—The North American Association of Floor Covering Distributors (NAFCD) has appointed Michael Wilbur as the incoming executive director, effective July 1—at which...

Tarkett, Mycocycle begin construction waste decomposition project

Washington, D.C.—Tarkett, through a partnership with Mycocycle, is working to help decompose and recycle construction waste via mycelium. Tarkett was first introduced to Mycocycle at...

Starnet awards: Commercial projects exhibit creativity, craftsmanship

The Starnet Design Awards celebrate outstanding commercial flooring design in corporate, healthcare, education, hospitality, multifamily, government and retail facilities. The diverse categories allow designers...

WFCA appoints two new board directors

Dalton—The World Floor Covering Association (WFCA) has appointed two industry leaders to its board of directors: Doug Jackson, CEO of Cali Bamboo; and Dani...
Some text some message..
X