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Monday, January 29, 2018
National Public Radio runs an Ad for Lumber Liquidators
Notice the Shift in Reporting on NPR in the Trump Era? (just heard a Lumber Liquidator Ad)
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A 2013 report by the Environmental Investigation Agency revealed that Lumber Liquidators' indiscriminate and poor sourcing practices resulted in the destruction of critically endangered tiger habitats and forests.[6]
Further investigation led to the conviction of a Russian supplier in 2014. Shortly after the conviction Lumber Liquidators lost about twenty percent in stock value for potential violation of the Lacey Act. During 2015, the company was involved in controversy regarding the level of formaldehyde in the Chinese-made laminate flooring that it was selling.[7] A number of class action lawsuits were brought on by customers, due to the formaldehyde issue and other customer service issues.
The company appointed John M. Presley as Chief Executive Officer.[8] The company's founder, Tom Sullivan, served as interim CEO following the resignation and was replaced in November 2015 by John Presley.[9]
On October 22, 2015, Lumber Liquidators pleaded guilty in federal court to the illegal importation of hardwood flooring.[10] In February 2016, a federal judge sentenced the company to $13.15 million in penalties, consisting of $7.8 million in criminal fines, $3.15 million in civil forfeiture, $1 million in criminal forfeiture, and $1.2 million to conservation organizations.[11]
It was the largest financial penalty ever issued for violating the Lacey Act of 1900
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