Insights: Publications The Announcement of Criminal Charges against Lumber Liquidators Underscores the Need for Lacey Act Compliance

JD Supra

On Wednesday, April 29, 2015, Lumber Liquidators announced in its most recent 10Q that the United States Department of Justice plans to pursue criminal charges surrounding allegations the company illegally imported wood in violation of the Lacey Act, 16 USC § 3371 et seq. On the heels of this announcement, some leadership re-organization and disappointing earnings, Lumber Liquidator shares were trading as much as 20% lower.
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