Following news reports of allegedly excessive formaldehyde levels in some of its flooring products — and subsequent lawsuits and investigations — the CEO of Lumber Liquidators has resigned from the top position at the company. [More]
While Lumber Liquidators has been the target of lawsuits and federal investigations into allegations that the company’s China-sourced flooring contains exceedingly high levels of formaldehyde, hardware giant Lowe’s is now facing similar accusations from the hedge fund analyst who helped spark the Lumber Liquidators investigation. [More]
Things are not going particularly well at Lumber Liquidators right now. Not only is the company facing more than 100 customer lawsuits and a federal consumer safety investigation over flooring it sold that may be releasing dangerous levels of formaldehyde, but the company is also facing criminal charges for selling wood that suppliers may have harvested illegally. [More]
In the wake of a primetime news report alleging that some flooring sold by Lumber Liquidators contained excessive amounts of formaldehyde, federal regulators at the U.S. Consumer Product Safety Commission have confirmed the agency is investigation the lumber company. [More]
Only days after a 60 Minutes report on the allegedly high formaldehyde levels in wood products sold by Lumber Liquidators, consumers have filed a potential class action against the company in federal court. [More]
Lumber Liquidators is one of those stores that does exactly what it sounds like: they sell wood and other building supplies at a discount. A report that aired this weekend on the CBS program 60 Minutes shared some scary findings from independent lab tests performed on samples of flooring purchased from the chain. The company counters that these tests are inaccurate, and that the people behind these allegations aren’t out to protect consumers. [More]
While some people conflate “recession” with “depression,” the enterprising gents at Lumber Liquidators are using it as a cheery marketing hook. An ad on their website shouts, “Take advantage of the weak dollar! We ship anywhere in the world.” I guess when your brand is all about the color yellow, it’s hard to be a mopeypants.