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Lumber Liquidators 8 articles

Lumber Liquidators Agrees To Not Resume Sales Of Chinese-Made Laminate Flooring

Lumber Liquidators has agreed to not resume selling its stock of Chinese-made laminate flooring that can potentially sicken people with dangerous levels of formaldehyde and to continue a comprehensive testing program that enables consumers to determine whether their Lumber Liquidators flooring is safe. The U.S. Consumer Product Safety Commission (CPSC) said that the agreement ends the federal investigation of Lumber Liquidators’ laminate flooring, which a 60 Minutes investigative report found to contain amounts of formaldehyde that exceeded limits set by the California Air Resources Board, despite product packaging that stated otherwise. The CPSC conducted extensive tests of Lumber Liquidators products ... Read More

CDC Study Finds Lumber Liquidators laminate Flooring Could Cause Health Problems

Certain laminate flooring made in China and sold by Lumber Liquidators poses a risk of respiratory distress and other health problems, the U.S. Centers for Disease Control and Prevention (CDC) said in a Feb. 10 report. The problems with Lumber Liquidator’s flooring were first exposed on March 1 of last year when the CBS news program 60 Minutes tested formaldehyde levels in 31 boxes of laminate flooring products purchased from Lumber Liquidator stores in five states and reported that several samples contained dangerous levels of formaldehyde. The report caught the attention of the U.S. Consumer Product Safety Commission (CPSC), which ... Read More

Lumber Liquidators toxic-flooring lawsuits consolidated in Virginia

Federal lawsuits against Lumber Liquidators Inc. alleging the company made and sold laminate flooring with dangerous levels of formaldehyde are being consolidated for multidistrict litigation (MDL) in the Eastern District of Virginia. The U.S. Judicial Panel of Multidistrict Litigation’s June 12 ruling combines 113 lawsuits filed against Lumber Liquidators by plaintiffs in 29 states who accuse the flooring manufacturer of misrepresenting its Chinese-made laminate flooring as compliant with California Air Resources Board (CARB) Phase 2 safety standards, which Congress adopted for federal standards that will go into effect this year. The complaints allege the flooring contains toxic levels of carcinogenic ... Read More

Lumber Liquidators CEO Bob Lynch “unexpectedly” resigns during formaldehyde controversy

Lumber Liquidators CEO Bob Lynch has abruptly left his leadership position within the discount flooring retailer, adding even more uncertainty to the company’s standing during its recent formaldehyde controversy. In response to the surprising news, Thomas Sullivan, founder of Lumber Liquidators, announced he will serve as CEO until the company finds Lynch’s permanent replacement. Sullivan commented that Lynch’s resignation occurred “unexpectedly,” much to the shock of executives and investors alike. Lumber Liquidators CFO Dan Terrell also announced his departure from the company last month, effective the beginning of June. “60 Minutes” first broke the story on Lumber Liquidators’ Chinese-made laminate flooring ... Read More

Lumber Liquidators suspends sales of Chinese-made flooring

Lumber Liquidators said it is suspending sales of laminate flooring made in China amid accusations that the products contain toxic levels of formaldehyde. The move also comes as the company faces a Consumer Product Safety Commission (CPSC) probe, possible criminal charges, slumping sales, and a falling stock price. Lumber Liquidators, North America’s largest and fastest-growing wood flooring retailer, for several months has received complaints from consumers who have installed the allegedly toxic flooring in their homes, only to be sickened by fumes that cause eye, nose, and throat irritation, asthma and other chronic respiratory distress ranging from mild to severe. ... Read More

Will Lumber Liquidators profits dip after reports of possible product danger?

Despite a “60 Minutes” special report on the presence of a carcinogen, formaldehyde, in the company’s flooring, Lumber Liquidators surpassed analysts’ sales estimates for the first quarter of 2015. According to the report, not only does the Lumber Liquidators’ flooring contain excessive levels of formaldehyde, but managers at three Chinese factories were caught on camera admitting to the mislabeling of Lumber Liquidators products so that they could meet proper protocols. A preliminary earnings statement has revealed Lumber Liquidators’ revenue rose approximately 5.6 percent to $260 million, whereas financial analysts estimated $258.2 million. The full first-quarter results will be released on ... Read More

Senator calls for probe into Lumber Liquidators flooring

Following a 60 Minutes special reporting that Lumber Liquidators’ Chinese-made laminates contained high levels of the dangerous carcinogen formaldehyde, Sen. Chuck Schumer (D-New York) is now advocating for federal officials to step in and investigate the recent allegations. “The federal government must step in to investigate whether this product is dangerous and if a recall or other disciplinary action must be taken,” Schumer proclaimed, standing in front of a Lumber Liquidators showroom in New York City. According to NBC News, Schumer is asking the Consumer Product Safety Commission (CPSC), as well as other federal agencies such as the Environmental Protection ... Read More

Toxic formaldehyde levels found in Lumber Liquidators laminate flooring

Lumber Liquidators, North America’s largest and fastest-growing seller of wood flooring, may be polluting hundreds of thousands of homes with Chinese-made laminate flooring containing dangerous levels of formaldehyde, a toxin linked to cancer and numerous other illnesses, according to investigations and independent lab tests conducted by CBS 60 Minutes and Global Community Monitor, a nonprofit pollution watchdog group. For several months, consumers have been complaining about health problems they claim began after installing laminate flooring made by Lumber Liquidators in their homes. These problems range from mild and chronic respiratory distress, irritation of the eye, nose, and throat, and asthma. ... Read More