NEW YORK--(EON: Enhanced Online News)--The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of Lumber Liquidators Holdings, Inc. (Lumber Liquidators) (NYSE:LL).
On September 27, 2013, Lumber Liquidators announced that federal agents from U.S. Immigration and Customs Enforcement and the Fish and Wildlife Service had executed search warrants at the Company’s Virginia offices in connection with the importation of certain wood-flooring products.
Upon the above news, LL shares declined over 5%, representing shareholder losses of over $160 million.
Previously, in June 2013, a report published on Seeking Alpha claimed that independent testing of certain imported wood flooring products sold by Lumber Liquidators, conducted at two different IAS certified laboratories, revealed illegally high levels of formaldehyde, a known carcinogen, in violation of regulations set by the U.S. Environmental Protection Agency.
Wohl & Fruchter’s investigation concerns whether Lumber Liquidators management has misled investors concerning, among other things, the Company’s compliance with applicable laws, rules and regulations governing its imported wood flooring products.
Persons with relevant information, and LL shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.
Additional information is available on our website at: http://www.wohlfruchter.com/cases/ll.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
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