Lumber Liquidators Dodges Mandatory Recall In Flooring Row
Law360, Los Angeles (June 16, 2016, 10:31 PM EDT) -- The U.S. Consumer Product Safety Commission on Thursday said Lumber Liquidators Inc. wouldn't resume sales of allegedly hazardous laminate wood flooring and that there wouldn't be a mandatory recall, after the company recently paid $26 million to settle related shareholder and derivative suits.
The CPSC issued a statement saying it hadn't found unsafe levels of formaldehyde in the products, which allegedly used illegally harvested wood from China. The agency also said any future sale, disposal or transfer of the products would require its approval.
The products were bought by more than 600,000 consumers from 2011 through May 2015, when the company...
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