Lumber Liquidators Lawsuit Astonishing
Lumber liquidators has agreed to pay 30 million to end a 2014 class action lawsuit in which consumers alleged the company s morning star strand bamboo flooring is uniformly defective and lasts nowhere near as long as its warranted 30 year lifespan.
Lumber liquidators lawsuit. We have cooperated with this. If you want to preserve any right to sue or continue to sue lumber liquidators on your own related to the issues to be resolved by this proposed settlement you must submit a written request for. The settlement will benefit class member consumers who purchased lumber liquidators morning star strand bamboo flooring between jan.
In december 2014 a lawsuit was filed by a non profit called global community monitor the same organization that was featured in 60 minutes recent expose of lumber liquidators chinese made laminate flooring. The proposed settlement deal which is still subject to a california federal judge s approval is comprised of 14 million in cash and up to 16 million in store credit vouchers. 50 corporate park irvine ca 92606.
The parties agreed that lumber liquidators would pay 22 million in cash and 14 million in store credit vouchers to settle all claims on behalf of purchasers of chinese manufactured laminate flooring sold by lumber liquidators between january 1 2009 and may 31 2015. Under the deferred prosecution the justice department will dismiss a charge of securities fraud in three years if lumber liquidators meets its obligations. Is resolving a class action with 14 million in cash payments and another 14 16 million in vouchers for its merchandise.
According to the lawsuit these products include. 1 2012 and march 15 2019. The parties have agreed to settle these matters to avoid the expense and uncertainty of litigation.
Requests for exclusion must be submitted by mail to gold v. You will not be eligible to receive any monetary payment but you will keep your right to sue lumber liquidators about the same legal claims in this lawsuit. Payouts from the settlement will be determined in.
A proposed settlement has been reached in class action lawsuits involving class flooring sold by lumber liquidators between january 1 2009 and may 31 2015. The department of justice announced today that lumber liquidators has agreed to pay a 33 million penalty for lying to investors regarding the sale of its laminate flooring from china. Settlement reached a settlement has been reached on behalf of purchasers of lumber liquidators products.
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