More than 75 class actions have been filed against Lumber Liquidators Inc. claiming that it mislabeled laminated wood flooring that emits dangerously high levels of formaldehyde gas.
Nearly all the lawsuits were filed following a March 1 episode of “60 Minutes,” that featured employees at three Chinese mills who admitted that their Lumber Liquidators products didn’t comply with California emissions standards, among the strictest in the nation. Shares of Lumber Liquidators have plummeted 40 percent since the report.
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