NEW YORK (CBSMiami/AP) — The U.S. Department of Justice is seeking to file charges against Lumber Liquidator amid an investigation into imported products.
The company revealed the Justice Department push in a regulatory filing Wednesday while also posting a surprise loss for the quarter and announcing the departure of its chief financial officer.
Its shares plunged more than 17 percent in early trading.
The CBS news show “60 Minutes” reported in March that the company’s laminate flooring made in China contained high levels of formaldehyde, a carcinogen. Lumber Liquidators Holdings Inc. has said that it complies with applicable regulations for its products, including California standards for formaldehyde emissions.
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