Lumber Liquidators Settles with DOJ for Lacey Violation

Toano, VA, October 8, 2015—Lumber Liquidators will pay $10 million to settle criminal charges with the Department of Justice for its violation of the Lacey Act.

The company will pay a $7.8 million fine, an $880,825 community service payment and $350,000 to the National Fish and Wildlife Foundation and the Rhinoceros and Tiger Conservation Fund. Lumber Liquidators will also forfeit $969,175, though it hasn't specified who will receive the forfeiture payment.

The company’s stock jumped following news of the settlement.

This settlement is unrelated to the company’s controversy regarding high levels of formaldehyde in its Chinese-made laminate flooring.