|[January 04, 2014]
Lieff Cabraser Reminds Lumber Liquidators Holdings, Inc. Investors of Upcoming Deadline in Class Action Litigation - LL
SAN FRANCISCO --(Business Wire)--
Lieff, Cabraser, Heimann & Bernstein, LLP reminds investors of the
January 27, 2014 deadline to move for appointment as lead plaintiff in
class litigation brought on behalf of purchasers of the securities of
Lumber Liquidators Holdings, Inc. ("Lumber Liquidators" or the
"Company") (NYSE:LL) between February 22, 2012 and November 21, 2013,
inclusive (the "Class Period").
If you purchased the securities of Lumber Liquidators during the Class
Period, you may move the Court for appointment as lead plaintiff by no
later than January 27, 2014. A lead plaintiff is a representative party
who acts on behalf of other class members in directing the litigation.
Your share of any recovery in the action will not be affected by your
decision of whether to seek appointment as lead plaintiff. You may
retain Lieff Cabraser, or other attorneys, as your counsel in the action.
Liquidators investors who wish to learn more about the action and how to
seek appointment as lead plaintiff should click here or contact
Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.
Lumber Liquidators, headquartered in Toano, Virginia, is a specialty
retailer of hardwood flooring and hardwood flooring enhancements and
The Complaint alleges that defendants made false and/or misleading
statements throughout the Class Period, as well as failed to disclose
material adverse facts about the Lumber Liquidators' business,
operations, and prospects, including: (1) certain of the Company's
products failed to comply with applicable laws and regulations governing
formaldehyde emissions from composite wood products; and (2) the Company
imported flooring products sourced from illegally logged wood in the
Russian Far East.
On June 20, 2013, SeekingAlpha.com reported that tests of one of Lumber
Liquidators' branded wood flooring products found their formaldehyde
emissions were over 3.5 times the legal limit. On this news, the
Company's share price fell $9.40 over two trading sessions, to close at
$76.63 on June 21, 2013.
On September 26, 2013, three U.S. government agencies executed sealed
search warrants at the Company's corporate offices, in connection with
the importation of certain wood products. On this news, Lumber
Liquidators' share price fell $5.83 per share, to close at $107.13 on
September 27, 2013.
On November 21, 2013, hedge fund manager Whitney Tilson contended that
the Company was only able to maintain its huge margins as a result of
importing illegal timber from Russia. On this news, Lumber Liquidators'
share price fell $13.55 per share, to close at $101.81 on November 22,
About Lieff Cabraser
Lieff Cabraser is a nationally recognized law firm committed to
advancing the rights of investors and promoting corporate responsibility.
Since 2003, the National Law Journal has selected Lieff Cabraser
as one of the top plaintiffs' law firms in the nation.
For more information about Lieff Cabraser and the firm's representation
of investors, please visit http://www.lieffcabraser.com.
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