LL to Pay $36 Million in Settlement Over Chinese-Made Laminate

Toano, VA, October 12, 2018-A settlement was approved this week in district court for Lumber Liquidators to pay $36 million to settle a class-action lawsuit filed on behalf of 760,000 customers who bought its Chinese-made laminate flooring between 2009 and 2015, reports CNBC.

Lumber Liquidators falsely claimed its flooring complied with California Air Resource Board's maximum acceptable limits for formaldehyde emissions. The company halted the sale of Chinese made laminate flooring in the U.S. after it was found out, and a number of top company executives, including its founder, Tom Sullivan, left the company.

The company paid $2.5 million in fines to California's Air Regulation Board.