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Lumber liquidators mdl settlement. 1 the lumber liquidators filed a lawsuit in january 2017 against cabinets to go and other woodworking stores over the sale of defective laminate flooring. A virginia federal judge overseeing multidistrict litigation involving lumber liquidators’ alleged false statements that its laminate wood flooring complied with california. As part of the settlement, lumber liquidators is paying a $19.1 million fine and has agreed to restitution of $13.9 million, for a total of $33 million.

It is estimated that class members who submitted valid level 1 and/or level 2 claims will be mailed their settlement checks and vouchers by the end of august. Lumber liquidators agreed to pay more than $6 million to settle the sec action. The total value of the settlement is.

My estimates were based on a 35% adjusted gross margin for lumber liquidators though, while lumber liquidators reported an adjusted gross margin of 33.3% for q2 2016. Title date document number file; February 23, 2023 no comments.

Said tuesday that it's reached a $36 million deal with two classes of consumers in virginia. The amount of the settlement is split among all the plaintiffs in. Lumber liquidators, inc., of toano, virginia, has paid the california air resources board (arb) $2.5 million to settle arb claims that lumber liquidators sold, supplied, or offered for sale in.

The settlement will provide eligible class members a portion of their purchase price back in cash or a voucher which can be used at lumber liquidators. Earlier this month, lumber liquidators agreed to pay out more than $10 million to the department of justice’s environment and natural resource division to settle an. The sec’s order finds that in early 2015, lumber liquidators, a discount retailer of hardwood.