Lumber Liquidators Chinese Laminate Flooring Class Lawsuit
Concentration of formaldehyde, children most likely to be affected.
On website Lumber Liquidators(stock symbol: LL) claims to use safe material and does their own testing.
Check out google news on LL.
This is the post on the Lumber Liquidators Facebook page:
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Lumber Liquidators is a leader in safety, as evidenced by our track record of providing our wide range of products to two million satisfied customers across America.
We comply with applicable regulations regarding our products, including California standards for formaldehyde emissions for composite wood products – the most stringent rules in the country — and take our commitment to safety even further by employing compliance personnel around the world and utilizing the latest in cutting-edge technology to provide our customers with top quality and high value flooring.
These attacks are driven by a small group of short-selling investors who are working together for the sole purpose of making money by lowering our stock price. They are using any means to try and scare our customers with inaccurate allegations. Their motives and methods are wrong and we will fight these false attacks on all fronts.
As recently as late 2014, testing by independent third parties confirmed that 100 percent of the randomly selected cores used in the laminates from the factories that 60 Minutes investigated came back as fully safe and compliant with California standards. While we were unable to witness 60 Minutes’ testing methods and have still yet to see a test using validated methods that has come back as anything but completely safe, out of an abundance of caution, we are now reviewing our processes at these three mills.
We stand by every single plank of wood and laminate we sell all around the country and will continue to deliver the best product at the best price to our growing base of valued customers.
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Toxic Warning Statue, it is legal for flooring to contain formaldehyde, used to keep boards together.
The amount leaking is the key, potent.
california strict standards.
CARB Compliant.
31 test samples and all expect for 1 exceeded the emission standards.
Lumber Liquidators was accused of buy illegal lumber from Russia.
Lumber Liquidators is accused of buy flooring tainted with formaldehyde.
Robert M. Lynch, President and Chief Executive Officer, commented, “Quality and safety have always been top priorities for our associates and our customers. With over two million satisfied customers, we believe Lumber Liquidators has delivered on those priorities–and we will continue to invest in these important areas as we move forward.”
Tom Sullivan Chairman and founder of Lumber Liquidators was on 60 Minutes denying any wrongdoing.
60 Minutes went undercover to China.
