Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Lumber Liquidators Holdings Inc    LL

LUMBER LIQUIDATORS HOLDINGS INC (LL)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Lumber Liquidators Holdings Inc : Class Action Lawsuit Against Lumber Liquidators Being Investigated by Gilman Law LLP

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/03/2013 | 05:53pm EST

Securities lawyers at Gilman Law LLP are investigating a securities class action lawsuit that was filed by an investor against Lumber Liquidators Holdings Inc. and certain officers and/or directors in the U.S. District Court for the Eastern District of Virginia (No. 4:13cv00157). The case was filed on behalf of all persons or entities who purchased or otherwise acquired Lumber Liquidators common stock (NYSE:LL) between February 22, 2012 and November 21, 2013 (inclusive), alleging that certain false and/or misleading statements were made by Lumber Liquidators within said period in violation of federal law.

According to Lumber Liquidators' website, the company is headquartered in Toano, Virginia, and has stores in 46 states and over 1000 employees. It is a national retailer of solid and engineered hardwood, laminate flooring, bamboo flooring, cork flooring, and resilient vinyl flooring. The complaint against Lumber Liquidators is generally focused on two key areas of alleged misconduct.

First, the plaintiff alleges that Lumber Liquidators made false and/or misleading statements and/or failed to disclose that certain of Lumber Liquidators' products did not comply with applicable laws and regulations pertaining to formaldehyde emissions from composite wood products. This allegation stems from a June 20, 2013, report on SeekingAlpha.com, which claimed that Lumber Liquidators was selling imported hardwood flooring products that contained illegal levels of formaldehyde, which is a known cancer-causing agent (Complaint, p.3). On this news, the Complaint contends that Lumber Liquidators' share price declined, over the course of two trading sessions, $9.40 per share or nearly 11%, to close at $76.63 per share on June 21, 2013 (Complaint, p.3).

Second, the Wall Street Journal reported that federal authorities, including agents from the Department of Homeland Security Investigations and the Department of Justice, raided the headquarters of Lumber Liquidators on September 26, 2013. The Wall Street Journal later reported the agents were looking for imported wood products from the Russian Far East. Subsequently, on November 21, 2013, a well-known hedge fund manager criticized Lumber Liquidators Holdings for allegedly importing illegally sourced timber from Russia in violation of U.S. laws (Complaint, p.5). On this news, the Complaint contends that Lumber Liquidators' share price fell over $16.07 per share, or over 13%, to $99.29 per share over two trading sessions. (Complaint, p. 5).

If you are an investor who purchased or acquired Lumber Liquidators common stock between February 22, 2012 and November 21, 2013 (inclusive), and suffered a loss or would like more information on this class action, then please contact Gilman Law LLP today, at 1-888-252-0048 or www.gilmanlawllp.com, to ensure your legal rights are not forfeited.

About Gilman Law LLP

Gilman Law LLP, a leading financial law firm with offices in Florida and Massachusetts, has been recognized for delivering successful results to their clients across a broad range of claims stemming from securities class actions and derivative actions to consumer product injury lawsuits. For over 34 years, the Gilman Law LLP team of highly experienced lawyers has earned renown for tireless work on behalf of their clients on many of today's most challenging and important legal issues.

Gilman Law LLP
Kenneth G. Gilman, 1-888-252-0048


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LUMBER LIQUIDATORS HOLDING
2018LUMBER LIQUIDATORS : Debuts Expanded Store Format in Altamonte Springs, Florida;..
AQ
2018LUMBER LIQUIDATORS : Debuts Expanded Store Format in Altamonte Springs, Florida
PR
2018Imports Surge at U.S. Ports as Companies Brace for New Tariffs
DJ
2018LUMBER LIQUIDATORS : Announces Promotion of Doug Clark to Senior Vice President,..
PR
2018LUMBER LIQUIDATORS HOLDINGS, INC. : Change in Directors or Principal Officers (f..
AQ
2018LUMBER LIQUIDATORS HOLDINGS, INC. : Regulation FD Disclosure, Financial Statemen..
AQ
2018Factors of Influence in 2018, Key Indicators and Opportunity within McDermott..
AQ
2018LUMBER LIQUIDATORS : 3Q Earnings Snapshot
AQ
2018LUMBER LIQUIDATORS : Management's Discussion and Analysis of Financial Condition..
AQ
2018LUMBER LIQUIDATORS : Announces Third Quarter 2018 Financial Results
PR
More news
Financials ($)
Sales 2018 1 088 M
EBIT 2018 8,09 M
Net income 2018 5,76 M
Finance 2018 2,15 M
Yield 2018 -
P/E ratio 2018 56,95
P/E ratio 2019 21,81
EV / Sales 2018 0,29x
EV / Sales 2019 0,25x
Capitalization 322 M
Chart LUMBER LIQUIDATORS HOLDINGS INC
Duration : Period :
Lumber Liquidators Holdings Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LUMBER LIQUIDATORS HOLDING
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 11,4 $
Spread / Average Target 1,6%
EPS Revisions
Managers
NameTitle
Dennis R. Knowles President, Chief Executive Officer, COO & Director
Nancy M. Taylor Chairman
Martin Agard Chief Financial Officer
Christopher Thomsen Chief Information Officer & Senior Vice President
Martin F. Roper Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LUMBER LIQUIDATORS HOLDINGS INC18.28%322
HOME DEPOT (THE)3.08%200 051
LOWE'S COMPANIES-0.87%73 519
HOME PRODUCT CENTER PUBLIC CO LTD--.--%6 176
KINGFISHER7.04%6 072
SIAM GLOBAL HOUSE PCL--.--%2 283