How much will I get from Lumber Liquidators lawsuit?
A common fund (Compensation Fund/Settlement Fund) will be established whereby Lumber Liquidators will pay $14 million dollars in Cash and $14 million dollars in Store-credit Vouchers (Vouchers) to the approved claimants. An additional $2 million dollars in Vouchers will be provided upon a 7% claims rate being reached.
What happened to the Lumber Liquidators lawsuit?
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.
What is wrong with Lumber Liquidators flooring?
Lumber Liquidators shares were slammed in March 2015 after a “60 Minutes” report alleged that Chinese-made laminate flooring from Lumber Liquidators installed in many American homes contained far higher than accepted levels of formaldehyde, a known carcinogen.
Which Lumber Liquidators flooring has formaldehyde?
The following types of Lumber Liquidators lumber may contain excessive and illegal amounts of formaldehyde: 8 mm Bristol County Cherry Laminate Flooring. 8 mm Dream Home Nirvana French Oak Laminate Flooring. 12 mm Dream Home Kensington Manor Antique Bamboo Laminate Flooring.
Why did Lumber Liquidators change their name to LL flooring?
In April 2020, Lumber Liquidators officially changed its name to LL Flooring in order to better reflect who we are. No lumber. No liquidation.
Why is Lumber Liquidators in the news?
WASHINGTON, D.C. - In cooperation with Lumber Liquidators, of Toano, Va., the U.S. Consumer Product Safety Commission (CPSC) is announcing that Lumber Liquidators has agreed to not resume sales of laminate wood flooring previously imported from China.
How much does it cost to put hardwood floors in a 2000 square foot house?
$8,000-$20,000How much does it cost to put hardwood floors in a 2,000 square foot house? Expect to pay anywhere from $8,000-$20,000 to put 2,000-square-feet of hardwood floors.
Does vinyl plank flooring contain formaldehyde?
Formaldehyde is more common in laminate flooring, where it's found in the adhesive and resin. However, formaldehyde is also a concern in vinyl flooring, although its levels tend to be lower than in laminate flooring.
Does Lumber Liquidators sell good flooring?
LL Flooring was founded in 1993, when it was known as Lumber Liquidators....About LL Flooring.ProsConsHundreds of LL Flooring locations around the country and in CanadaNo locations in Alaska, Hawaii, or Wyoming2 more rows•Jul 22, 2022
What are the symptoms of being exposed to formaldehyde?
When formaldehyde is present in the air at levels higher than 0.1 parts per million (ppm), some people may have health effects, such as:watery eyes.burning sensations of the eyes, nose, and throat.coughing.wheezing.nausea.skin irritation.
How long does formaldehyde last in flooring?
Laminate flooring is made using adhesives and that is why it releases formaldehyde gas, which could be toxic to you, kids, and even pets. Most laminate products off-gas for about 10 years but some brands have a very low level of the toxic gas that is considered safe for flooring.
What does formaldehyde smell like?
Formaldehyde is a colorless chemical with a strong pickle-like odor that is commonly used in many manufacturing processes. It easily becomes a gas at room temperature, which makes it part of a larger group of chemicals known as volatile organic compounds (VOCs).
What is bamboo wood flooring?
Bamboo flooring is becoming a popular alternative to traditional hardwood flooring as it has physical similarities to hardwood but is more durable, eco-friendly and sustainable. Bamboo is not wood, it is a grass native to China that is cut down into strips or strands, dried and machined into flooring planks.
Is lumber a timber?
In the US and Canada, timber is typically used to collectively refer to trees—or the wood of such trees—that have yet to be cut or processed, while lumber typically refers to wood that has been processed as a building material (boards and planks).