Press release from Business Wire
Law Offices of Howard G. Smith Announces Investigation of Lumber Liquidators Holdings, Inc.
Friday, December 06, 2013
Law Offices of Howard G. Smith Announces Investigation of Lumber Liquidators Holdings, Inc.20:32 EST Friday, December 06, 2013
BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of shareholders of Lumber Liquidators Holdings, Inc. (“Lumber Liquidators” or the “Company”) (NYSE:LL) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation focuses on certain statements issued by the Company between February 22, 2012 and November 21, 2013, concerning the Company's business and operations.
Lumber Liquidators operates as a specialty retailer of hardwood flooring and hardwood flooring enhancements and accessories. Specifically, the investigation is related to a securities class action lawsuit filed in the United States District Court for the Eastern District of Virginia, which alleges that the Company misrepresented or failed to disclose that certain of the Company's products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products, and that the Company imported flooring products sourced from illegally logged wood in the Russian Far East, in violation of the Lacey Act. On September 26, 2013, the Department of Homeland Security, U.S. Fish and Wild Life Service, and Department of Justice executed search warrants at Lumber Liquidators' corporate offices, seeking information related to the importation of certain wood products.
If you are a long-term shareholder of Lumber Liquidators, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire