Another suit filed against Lumber Liquidators

Home News Another 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

Happy Feet welcomes three new hires

Chattanooga, Tenn.—Happy Feet International, a producer of luxury vinyl plank and tile headquartered here, welcomed three team members to its management team. Scott Jones,...

NAFCD Annual Convention welcomes new exhibitors

Chicago—The 2022 NAFCD + NBMDA Annual Convention is taking place here November 1–3. During this event, distribution executives will have the opportunity to grow...

Shaw recognized as a ‘Best Employer’ in 2022

Dalton—Shaw Industries has been voted the 2022 "Best of the Best Employer for Industrial Manufacturing" in the Chattanooga Times Free Press’ people’s choice awards....

FCEF partners with Taylor Adhesives

Dalton—The Floor Covering Education Foundation (FCEF) has partnered with Taylor Adhesives, a leader in high-quality flooring adhesives and substrate coatings, to help grow technical...

Mapei’s Brittany Storm named LEED Fellow 2022

Deerfield, Fla.—Mapei Corporation’s sustainability manager, Brittany Storm, has been selected to the 2022 class of LEED Fellows by the U.S. Green Building Council (USGBC)...

Daltile launches Ravel porcelain collection

Dallas—Daltile’s new Ravel glazed porcelain collection of marble and stone looks brings contemporary luxury to a space, creating intimate and comforting elegance, according to...
Some text some message..