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, Lumber Liquidators just announced a settlement with the DOJ over its Lacey Act violations, and it turns out that the predictions I made two years ago were exactly right a) the company got off with little more than a slap on the wrist in terms of a fine, but b) we now know that it was, in fact, buying illegal wood,
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Mar , He learned they were under federal investigation for allegedly buying timber illegally logged in Russia U.S agents had raided Lumber Liquidators headquarters in tember The company denies buying illegally logged wood but announced just this week the Department of Justice may file criminal
, Lumber Liquidators Reuters Rick Wilking Lumber Liquidators will stop selling its laminate flooring sourced in China The stock rose by up to in pre market trading It s down since March , when CBS Minutes aired a documentary that detailed apparent violations of regulatory standards on
Mar , LUMBER LIQUIDATORS There is no guarantee our wood suppliers will play by the rules involved the company s founder and chairman Tom Sullivan watching hidden video captured by Minutes at a Lumber Liquidators supplier in China showing products that appeared intentionally mislabeled.
Mar , In response to the Minutes segment, Lumber Liquidators issued an K that provided investors a statement of clarification, as per a filing with the Securities and Exchange Commission (SEC) The company claims that Minutes didn t use a proper testing method when inspecting the wood According to
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Mar , Lumber Liquidators is sending thousands of formaldehyde test kits to concerned consumers after the airing of a Minutes episode The pollutant is sometimes used in the composite wood based layer of floorboards and commonly found in nail hardeners and varnish and is used for the embalming of
Ipe wood decking lumber liquidators Ipe wood decking came on the scene quickly and it seemed the whole world went wild Once consumers get a feel for it, the hype didn t let up and now demand for Ipe wood decking is fierce A fairly new phenomenon (compared with what s out there today) in the outdoor construction
Mar , Minutes is not kind of Lumber Liquidators Minutes airs troubling report detailing major problems at Lumber Liquidators factories in China Myles Udland Mar The search warrants requested information, primarily documentation, related to the importation of certain of our wood flooring products.
, Due to the scale of its international and domestic operations, Lumber Liquidators has policies and procedures in place for the sourcing, harvesting and manufacturing of its products designed to comply with federal and other regulations related to the importation of wood flooring products The Company has
Mar , In , CARB enacted a measure that limits formaldehyde emissions from composite wood products, including medium density fiberboard, which is often referred to as MDF MDF is used in Lumber Liquidators laminated flooring products, but it is also used in many other types of products, such as cabinets
Mar , A Minutes report revealed that some of the company s products contained unhealthy levels of formaldehyde Apparently the company sourced this wood from China at a discount to the going rate (for now obvious reasons) to make a few basis points on its market share Now consumers and the
, The shiplap walls are coming together beautifully, thanks to the flooring (used on the walls and ceilings) from Lumber Liquidators The space already looks a million times better Lest you think we ve just abandoned the project entirely (which wouldn t be unheard of around these parts), I m back with an
, One saving grace for the Lumber Liquidators bulls has been the idea that the problem was contained to the laminate product category.
, Lumber QzQTwo years ago, armed agents of the U.S Fish and Wildlife Service raided Gibson Guitars, for a second time, over its sourcing of wood that allegedly violated the byzantine requirements of the Lacey Act regulating the import of wood Now, as noted at Reason , Lumber Liquidators is on the
, So this is where it is important to decide if you want Cherry, which gives you that rich tone with a little bit of red in it, or maple, which is a little more yellowish You can see a little chart below what some of the different types of wood look like I headed down to my local Lumber Liquidators to see for myself.
, Such laminated products were the focus of the Lumber Liquidators controversy in EPA effectively threaded a needle between the legitimate interests of small furniture and cabinet manufacturers and the need to protect people from the risks posed by formaldehyde The final rule includes changes from
, Lumber Liquidators also carries butcher block They don t You can leave it natural and put a polyurethane on it (more on that in a minute), you can stain or you can enhance the natural wood with Tung oil When I Here s our new countertop (and island) with the larger butcher from our local lumber yard .
, In ember , U.S federal agents raided Gibson Guitar Corporation s manufacturing facility in Nashville, Tenn as part of an investigation into the illegal trade of a rare wood species allegedly used in some of Gibson s musical instruments Although the seizure made headlines, few people are aware
, First, I showed him the symptoms described by the Lumber Liquidators customers above, and asked if they were consistent (The Consumer Product Safety Commission is in the same ballpark, noting that Emissions (from pressed wood and wood based products) decrease months after initial
Mar , Lumber Liquidators is in full on damage control mode after Minutes released a damning report about the safety of their product During the Reportedly, federal authorities were trying to gain evidence that the company is using wood from forests that are home to the endangered Siberian tiger If true
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, Lumber Liquidators has halted sales of Chinese laminate flooring amid concerns that it releases potentially dangerous levels of formaldehyde the retailer announced that the Justice Department is likely to file criminal charges for violations of the Lacy Act, which forbids the import of illegally logged wood.