Lumber Liquidators Settles With Federal Government
The company agreed that it will plead guilty to the Lacey Act, a law that bans illegally-harvested animal and plant products, including trees, from sale in the United States. Pleading guilty settles this case, but means that the company will pay finds, donations to relevant charities, and forfeiture of money that the company made from selling the affected hardwoods.
While the company has pleaded guilty to a felony, you can’t imprison corporations. Instead, Lumber Liquidators will pay a $7.8 million fine to the federal government, contributions of $880,825 and $350,000 respectively to the National Fish and Wildlife Foundation and the Rhinoceros and Tiger Conservation fund, and a forfeiture payment of $969,175.
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