Lumber Liquidators Providing Free Tarps In Communities Impacted By Historic Rains

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Wedbush Remains Neutral on Lumber Liquidators (LL) After Reaching a Settlement With DOJ

October 8, 2015 1:16 PM EDT

Wedbush reiterated a Neutral rating and $15.00 price target on Lumber Liquidators (NYSE: LL) following the company's announcement that it reached a settlement with the Department of Justice over Lacey Act violations. The government appears to be making an example out of LL and its violation of the Lacey Act. The DoJs prior landmark enforcement action was against... More

Lumber Liquidators (LL) Settles with DOJ Following Lacey Act Compliance Inquiry

October 7, 2015 4:27 PM EDT

Lumber Liquidators (NYSE: LL) announced a settlement with the Environment and Natural Resources Division of the Department of Justice ("DOJ") related to the Company's compliance with the Lacey Act, a U.S. conservation law regarding the protection of plants, fish and wildlife. This concludes the DOJ's inquiry launched in 2013, which primarily related to certain foreign suppliers harvesting more timber than their permits allowed in foreign jurisdictions, such as Eastern Russia, and the Company's importation of flooring products made from this timber. This matter focused on some of the Company's hardwood flooring purchase orders and import... More