A recent article on cnbc.com reported that Lumber Liquidators’ stock fell after the company posted a loss for the second quarter of 2015. Analysts said the loss stems from the “60 Minutes” report that the company’s flooring from China contained levels of formaldehyde above what is considered safe by U.S. emissions standards.
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A May 2015 article on Bloomberg.com reported that Lumber Liquidators Chief Executive Officer Robert Lynch unexpectedly resigned from the company. The resignation comes at an inopportune time for the company as it hoped to rebound from the negative press surrounding the “60 Minutes” report
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Lumber Liquidators Chinese Flooring Lawsuits
Lumber Liquidators Reports Loss After Chinese Flooring Report
A recent article on cnbc.com reported that Lumber Liquidators’ stock fell after the company posted a loss for the second quarter of 2015. Analysts said the loss stems from the “60 Minutes” report that the company’s flooring from China contained levels of formaldehyde above what is considered safe by U.S. emissions standards.
Continue Reading →Lumber Liquidators CEO Abruptly Quits
A May 2015 article on Bloomberg.com reported that Lumber Liquidators Chief Executive Officer Robert Lynch unexpectedly resigned from the company. The resignation comes at an inopportune time for the company as it hoped to rebound from the negative press surrounding the “60 Minutes” report
Continue Reading →