Lumber Liquidators (LL) Lawsuits
Gilman Law LLP, a leading national law firm with over 40 years of experience protecting the rights of shareholders and consumers, is continuing its investigation into reports that laminate flooring sold by Lumber Liquidators and installed in millions of homes across the country is contaminated with dangerous amounts of formaldehyde. The Firm has already filed a Lumber Liquidators lawsuit that, among other things, claims the Company’s directors failed to comply with their fiduciary duties in connection with applicable laws and regulations pertaining to formaldehyde emissions from composite wood products. Gilman Law LLP is also offering free Lumber Liquidators lawsuit evaluations.
Lumber Liquidators is the nation’s largest retailer of hardwood flooring, the Company and its investors stand to incur significant damages as a result of the concerns surrounding the Company’s laminate flooring products. If you are among them, please contact Gilman Law LLP today to learn more about filing a Lumber Liquidators lawsuit.
Gilman Law Fiduciary Duty Lawsuit
In March 2015, Gilman Law LLP filed a Lumber Liquidators derivative lawsuit against the Company’s board of directors, including former CEO Robert Lynch, for allegedly breaching their fiduciary duties in connection with their failure to oversee the operations of the Company as they relate to the manufacture and sale of their wood laminate products, as well as the import and trade of illegally sourced lumber from the Russian Far East in violation of the Lacey Act. In addition, the complaint challenges the alleged unlawful insider selling of tens of millions of dollars of Lumber Liquidators stock by certain members of the Board during a time when the stock was allegedly inflated due to a failure of the Company’s management to properly disclose the activities of and accurate financial information regarding the Company. The complaint, which is currently pending in Delaware Court of Chancery, seeks damages on behalf of the Company arising from and incurred and to be incurred in connection with pending federal securities lawsuits, consumer product liability lawsuits, and investigations by various federal agencies, including arms of the U.S. Department of Justice.
Lumber Liquidators Products Liability Lawsuits
Lumber Liquidators has been named a defendant in dozens of product liability lawsuits involving its laminate flooring products. This litigation began to grow after 60 Minutes aired a report focusing on the excessive formaldehyde levels contained in certain laminate flooring Lumber Liquidators purchased from manufacturers in China. Among other things, the report noted that certified testing of laminate wood flooring purchased from Lumber Liquidators locations in Virginia, Florida, Texas, Illinois, and New York revealed levels of formaldehyde that exceed those permitted by the California Air Resources Board (CARB). In addition, 60 Minutes reported that employees at certain Chinese manufacturers “openly admitted” that they use materials with higher levels of formaldehyde and falsely label Lumber Liquidators’ laminate flooring as “CARB Phase 2 Compliant.”
At low levels, formaldehyde exposure can cause a number of serious health problems, including respiratory issues, asthma, and irritation of the eyes, nose and throat. Higher levels of formaldehyde have been linked to various types of cancer, including myeloid leukemia and nasopharyngeal cancer. 60 Minutes noted that children may be more susceptible to formaldehyde-related health issues, as they are more likely to come into close contact with the Lumber Liquidators flooring.
Lumber Liquidator Lawsuit Reviews
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