Lumber Liquidators pleaded guilty on Thursday in federal court to environmental crimes related to illegal importation of hardwood flooring, the Department of Justice announced.
The settlement is unrelated to the controversy over some of its laminate flooring from China, which CBS' "60 Minutes" has reported contains high levels of the carcinogen formaldehyde.
In total, Lumber Liquidators agreed to pay $13.13 million — including a $7.8 million criminal fine and more than $1.23 million in community service payments.
The plea had little effect on the company's stock: Shares traded at about 2 percent higher on the day around the time of the announcement. Lumber Liquidators announced earlier this month that it had reached a settlement related to Lacey Act violations, which would include the $7.8 million criminal fine.
"We are pleased to reach this agreement and resolve a legacy issue related to the Lacey Act," John M. Presley, the Lumber Liquidators chairman, said in a news release on October 7. "We will continue to focus on strengthening Lumber Liquidators across every area of the organization and executing on our value proposition to improve operational efficiencies and deliver value to our stakeholders."