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March 29, 2015 1:29 AM ET

Specialty Retail

Company Overview of Lumber Liquidators Holdings, Inc.

Company Overview

Lumber Liquidators Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. It primarily offers solid and engineered hardwood products; laminate floorings; bamboo floor products, cork floorings, and vinyl plank flooring; wood flooring moldings; butcher block kitchen countertops, and staircase treads and risers; and accessories, such as sealers, adhesives, and underlayments, as well as flooring tools and floor cleaning supplies. The company offers its products primarily under the Bellawood and Morning Star Bamboo brands. It operates through various sales channels, such as stores, ca...

3000 John Deere Road

Toano, VA 23168

United States

Founded in 1994

1,796 Employees

Phone:

757-259-4280

Key Executives for Lumber Liquidators Holdings, Inc.

Chief Executive Officer, President, Director, Chief Executive Officer of Lumber Liquidators, Inc and President of Lumber Liquidators, Inc
Age: 48
Total Annual Compensation: $655.8K
Chief Financial Officer and Principal Accounting Officer
Age: 49
Total Annual Compensation: $332.6K
Chief Merchandising Officer
Age: 56
Total Annual Compensation: $358.7K
Senior Vice President of Supply Chain
Age: 60
Total Annual Compensation: $300.1K
Chief Marketing Officer
Age: 49
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

Lumber Liquidators Holdings, Inc. Key Developments

Baron & Budd Files Nationwide Class-Action Lawsuit Lumber Liquidators Involving Alleged Misrepresentation of Formaldehyde-Tainted Products

Baron & Budd filed a class-action lawsuit representing plaintiffs from seven states, including: Texas, Colorado, Florida, Pennsylvania, Illinois, South Carolina and West Virginia. This is the first lawsuit to be filed against Lumber Liquidators in the state of Texas on behalf of homeowners who purchased formaldehyde-tainted flooring. The lawsuit was filed in the United States District Court for the Eastern District of Texas. Baron & Budd’s lawsuit alleges that Lumber Liquidators falsely markets its laminate flooring products as safe when in fact many of its China-made products contain unsafe levels of formaldehyde. The homeowners allege that Lumber Liquidators knowingly sells laminate wood products that emit unlawfully high levels of the chemical, far exceeding emissions allowed by the California Air Resources Board (CARB).

Investors Reported Mulls Acquisition Of Stake In Lumber Liquidators

Some large investors are reportedly seeking acquisition of stake in Lumber Liquidators Holdings, Inc. (NYSE:LL). Media reports from CNBC and Fox Business News indicated that some large investors may be buying the stock of Lumber Liquidators. Liquidators stock rose 14% ahead of the company's planned business update call on March 12, 2015.

Massachusetts Consumer Files Class-Action Lawsuit against Lumber Liquidators for Alleged Formaldehyde-Tainted Flooring

Hagens Berman is representing Massachusetts consumers in a class-action lawsuit against Lumber Liquidators Inc. for allegedly selling flooring tainted with hazardous levels of formaldehyde. Hagens Berman has a strong track record of successfully representing homeowners in product defect and liability suits, including an $8.25 million settlement with Trex Company Inc. for product defects and consumer law violations. The 30-page lawsuit filed on Mar. 9, 2015 in the U.S. District Court for the District of Massachusetts alleges that Lumber Liquidators sold composite flooring manufactured in China tainted with hazardous levels of formaldehyde while falsely labeling their products as meeting or exceeding California Air Resources Board (CARB) emissions standards.

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