Lumber Liquidators Owes $10 Million for Timber Source Crimes
- U.S. judge accepts plea agreement in import declaration case
- Retailer admitted wood came from endangered tiger habitat
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Lumber Liquidators Holdings Inc. must pay $10 million in fines and penalties for telling U.S. officials the timber for its wood flooring came from Germany rather than the actual source -- the habitats of endangered Siberian tigers in southeast Asia.
Lumber Liquidators shares jumped as much as 17 percent with trading volatility briefly triggering market circuit breakers. New York Stock Exchange trading resumed about six minutes later.