We are investigating possible violations of federal securities laws by officers and directors of Lumber Liquidators Holdings, Inc. (Lumber Liquidators) (NYSE: LL).
On September 27, 2013, Lumber Liquidators announced that federal agents from U.S. Immigration and Customs Enforcement and the Fish and Wildlife Service had executed search warrants at the Company’s Virginia offices in connection with the importation of certain wood-flooring products.
Upon the above news, LL shares declined over 5%, representing shareholder losses of over $160 million.
Previously, in June 2013, a report published on Seeking Alpha claimed that independent testing of certain imported wood flooring products sold by Lumber Liquidators, conducted at two different IAS certified laboratories, revealed illegally high levels of formaldehyde, a known carcinogen, in violation of regulations set by the U.S. Environmental Protection Agency.
Our investigation concerns whether Lumber Liquidators management has misled investors concerning, among other things, the Company’s compliance with applicable laws, rules and regulations governing its imported wood flooring products.
Persons with relevant information, and LL shareholders with questions about this investigation, are invited to contact us by using the form below or contacting the attorney in the right sidebar.