Lumber Liquidators Announces Settlement Related To Lacey Act Investigation
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Wedbush Remains Neutral on Lumber Liquidators (LL) After Reaching a Settlement With DOJ
October 8, 2015 1:16 PM EDTWedbush reiterated a Neutral rating and $15.00 price target on Lumber Liquidators (NYSE: LL) following the company's announcement that it reached a settlement with the Department of Justice over Lacey Act violations. The government appears to be making an example out of LL and its violation of the Lacey Act. The DoJs prior landmark enforcement action was against... More
Lumber Liquidators (LL) DOJ Settlement Not Related to Formaldehyde Floor Issue - Trader
October 7, 2015 4:37 PM EDTTraders notes today's Lumber Liquidators (NYSE: LL) DOJ settlement after hours related to the Lacey Act is a legacy issue and not related to the formaldehyde China laminate floor issue.
... MoreLumber Liquidators (LL) Settles with DOJ Following Lacey Act Compliance Inquiry
October 7, 2015 4:27 PM EDTLumber Liquidators (NYSE: LL) announced a settlement with the Environment and Natural Resources Division of the Department of Justice ("DOJ") related to the Company's compliance with the Lacey Act, a U.S. conservation law regarding the protection of plants, fish and wildlife. This concludes the DOJ's inquiry launched in 2013, which primarily related to certain foreign suppliers harvesting more timber than their permits allowed in foreign jurisdictions, such as Eastern Russia, and the Company's importation of flooring products made from this timber. This matter focused on some of the Company's hardwood flooring purchase orders and import... More
