October 14, 2016
The shareholders in a class action suit against Lumber Liquidators Holdings Inc. asked a Virginia federal court Friday to approve a $45 million settlement of their claim the company misled investors regarding its importation of cheap products that used illegally harvested wood from China.
April 29, 2016
Lumber Liquidators Holdings Inc. told a Virginia federal judge Thursday it has reached an agreement with shareholders to end a consolidated suit alleging the company misled investors regarding its importation of cheap products that used illegally harvested wood from China.
August 27, 2015
A proposed class of aggrieved investors lambasted the former chief merchandising officer of Lumber Liquidators Holdings Inc., telling a Virginia federal court Wednesday that the former executive was directly responsible for acquiring illegally sourced wood from China and should therefore not be dismissed from a securities fraud lawsuit against the company.
August 13, 2015
The former chief merchandising officer at Lumber Liquidators Holdings Inc. urged a Virginia federal judge Thursday to dismiss complaints against him in a proposed class action alleging the company committed securities fraud by hiding sales of illegally harvested wood and cheap, toxic floors.
August 12, 2015
Lumber Liquidators Holdings Inc. told a Virginia federal judge Wednesday that investors should be forced to make public information pertaining to witnesses that could be used to take the company down for allegedly committing securities fraud by hiding sales of illegally harvested wood and cheap, toxic floors.
July 22, 2015
A proposed class of investors urged a Virginia federal judge Tuesday not to toss their securities fraud suit against Lumber Liquidators Holdings Inc., arguing the retailer has inappropriately tried to supplement its motion to dismiss with evidence about one of their witnesses, a move that shouldn't come until later in the proceedings.
June 03, 2015
Lumber Liquidators Holdings Inc. shot back against a proposed investor class action suit in Virginia federal court on Tuesday, saying that the plaintiffs have been reduced to basing their complaint on negative publicity because they have no sound basis for their claims that the flooring giant duped investors.
April 23, 2015
A purported class of aggrieved investors ramped up their securities fraud claims against Lumber Liquidators in Virginia federal court Wednesday, claiming the retailer said its record-high margins were based on creative "sourcing initiatives" when in fact they came from illegal wood harvesting and the sale of cheap, toxic floors.