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Lumber Liquidators Investors Say Ex-Exec Led China Deals

Law360, New York (August 27, 2015, 5:35 PM EDT) -- 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.

Lead plaintiffs Greff Kiken, David Lorenzo and Charles Hickman countered William Schlegel’s bid to dismiss complaints against him in the suit accusing Lumber Liquidators of hiding sales of illegally harvested wood and cheap, toxic floors...
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