NEW YORK, Dec. 2, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Eastern District of Virginia on behalf of investors who purchased Lumber Liquidators, Inc. ("Lumber Liquidators" or the "Company") (NYSE:LL) securities between February 22, 2012 and November 21, 2013.
For more information, click here: http://zlk.9nl.com/lumber-liquidators-ll/.
The complaint alleges that the Company issued materially false and misleading statements and/or failed to disclose material adverse facts concerning the Company's business, operations, and prospects. In particular, it is alleged that the Company misrepresented and/or failed to disclose the following: a) certain of the Company's products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products; b) in violation of the Lacey Act, the Company imported flooring products sourced from illegally logged wood in the Russian Far East; c) as a result of the foregoing violations, the Company has left itself open to potentially substantial fines, penalties, and/or settlements in connection with government regulatory actions and/or consumer class actions.
On September 26, 2013, the Department of Homeland Security, the U.S. Fish and Wild Life Service, and the Department of Justice executed search warrants at the Company's corporate offices in Virginia.
If you suffered a loss in Lumber Liquidators you have until January 27, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/lumber-liquidators-ll/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP