Lumber Liquidators stock rallies after company announces DOJ settlement
Flooring retailer Lumber Liquidators Holdings Inc. said Wednesday it has settled with the Justice Department in case related to certain foreign suppliers of the Toano, Va., company harvesting more timber than their permits allowed, and the imports of flooring products made from that timber. As part of the settlement, the company has agreed to plead guilty to violations of customs laws and to pay $10 million in fines, community contributions, and other payments. Lumber Liquidators said it set... Читать дальше...