memorandum of understanding

Lumber Liquidators To Pay $36M To Settle Formaldehyde-Filled Flooring Suit

Lumber Liquidators To Pay $36M To Settle Formaldehyde-Filled Flooring Suit

More than two years after an investigative report alleged that laminate flooring sold at Lumber Liquidators contained high — and potentially dangerous — levels of formaldehyde, the flooring retailer has agreed to pay $36 million to close the books on class-action lawsuits brought by customers. [More]