The law firm of Wohl & Fruchter LLP has filed a class action lawsuit against Lumber Liquidators, Inc. (“Lumber Liquidators” or the “Company”) (NYSE: LL) and certain of its officers. The class action, filed in the United States District Court, Eastern District of Virginia, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Lumber Liquidators securities between February 22, 2012 and November 21, 2013, both dates inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
If you are a shareholder who purchased Lumber Liquidators securities during the Class Period, you have until January 27, 2013 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at: http://www.wohlfruchter.com/cases/ll.
To discuss this action, and learn more about applying for Lead Plaintiff, please contact us at 866.833.6245, or the attorney in charge of the case, J. Elazar Fruchter, at 845.425.4658, or firstname.lastname@example.org.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, and/or failed to disclose that: (1) certain of the Company's wood flooring products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products; (2) the Company imported flooring products sourced from illegally logged wood in the Russian Far East in violation of the Lacey Act; (3) as a result of the foregoing violations, the Company faces the risk of large fines, penalties, forfeitures, judgments and/or settlements in connection with government regulatory actions and/or consumer class actions; and (4) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.