What was the Lumber Liquidators scandal?

Lumber Liquidators shares were slammed in March 2015 after a “60 Minutes” report alleged that Chinese-made laminate flooring from Lumber Liquidators installed in many American homes contained far higher than accepted levels of formaldehyde, a known carcinogen.

What is wrong with Lumber Liquidators flooring?

Some of the flooring emitted more formaldehyde, “60 Minutes” reported, than the labs the show’s investigators used had ever seen. A medical expert told CBS that children would be particularly at risk of respiratory problems with extended exposure to that amount of formaldehyde.

What did Lumber Liquidators get in trouble for?

The Department of Justice announced today that Lumber Liquidators has agreed to pay a $33 million penalty for lying to investors regarding the sale of its laminate flooring from China. The nation’s largest hardwood retailer, the company on Tuesday also entered into corporate resolution for securities fraud.

Why did Lumber Liquidators change their name?

In April 2020, Lumber Liquidators officially changed its name to LL Flooring in order to better reflect who we are.

Is it safe to buy from Lumber Liquidators?

CDC/ATSDR found that exposure to formaldehyde in the CPSC-tested laminate flooring sold at Lumber Liquidators® could cause irritation and breathing problems. However, you can take steps to reduce formaldehyde levels in your home.

Why did Lumber Liquidators get sued?

Plaintiffs filed their Lumber Liquidators class action lawsuit in December 2014, alleging that the company sold defective Morning Star Bamboo flooring products. According to the class action, the flooring was prone to damage such as warping, splitting, shrinking and splintering.

Why Laminate flooring is bad?

Laminate flooring is made using adhesives and that is why it releases formaldehyde gas, which could be toxic to you, kids, and even pets. Most laminate products off-gas for about 10 years but some brands have a very low level of the toxic gas that is considered safe for flooring.

Which is the healthiest flooring for homes?

Healthier Flooring

• Use solid surface flooring instead of carpet.
• Choose FSC-certified solid wood.
• Use natural linoleum or tile made in the U.S.
• Choose low-VOC finishes and sealants.
• Look for NAF-certified products.
• Install without glue; use nail-down or click-lock.
• Avoid laminate, vinyl flooring and synthetic carpeting.

Is Lumber Liquidators safe now?

Is Lumber Liquidators still in business?

[Richmond, Va.] Lumber Liquidators has officially changed its name to LL Flooring.

Will Lumber Liquidators negotiate price?

Lumber Liquidators sells its products at a lower price than its competitors. It does this by negotiating directly with the wood mills, thus eliminating the middleman. If you find a lower price anywhere, the company will not only match it; they will beat it.

Did Lumber Liquidators get sued?

1, 2012 and March 15, 2019. Plaintiffs filed their Lumber Liquidators class action lawsuit in December 2014, alleging that the company sold defective Morning Star Bamboo flooring products. According to the class action, the flooring was prone to damage such as warping, splitting, shrinking and splintering.

Does Lumber Liquidators accept Sezzle financing?

No – Lumber Liquidators does not accept Sezzle financing. We researched this on February 8, 2019, and at that time Lumber Liquidators was accepting Sezzle financing support. See 1 answer.

Does Lumber Liquidators negotiate?

Lumber Liquidators sells its products at a lower price than its competitors. It does this by negotiating directly with the wood mills, thus eliminating the middleman. The savings it gets from doing this gets passed on to its customers. To ensure that you are getting the lowest price, it even has a low price guarantee.

Does Lumber Liquidators price match?

Yes – Lumber Liquidators does offer price matching. As of June 5, 2018, Lumber Liquidators was offering price adjustment policies on their website. See 1 review. Lumber Liquidators birthday discount?

Are Lumber Liquidators products safe?

Lumber Liquidators ( LL) has a message for customers and shareholders: The flooring company’s products are safe, and it’s willing to back up that claim by testing and, if necessary, replacing them.