60 Minutes Report On Lumber Liquidators Flooring

The 60 minutes report that found high levels of cancer causing formaldehyde in flooring sold by lumber liquidators brought a call on capitol hill wednesday for a federal investigation. A report on cbs 60 minutes has knocked the floor out from under lumber liquidators. The 60 minutes report was a big victory for the short selling hedge funds.

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The report said lumber liquidators was selling laminate flooring made in china with levels of.

60 minutes report on lumber liquidators flooring.

60 minutes reported on sunday that it sent laminate flooring samples that lumber liquidators had sold in several states. Earlier this month the flooring retailer lumber liquidators got the kind of attention companies dread. Cbs 60 minutes did a story saying the company s products have unsafe levels of formaldehyde. 60 minutes found that lumber liquidators chinese made laminate flooring contains amounts of toxic formaldehyde that may not meet health and safety standards 2015 aug 16 correspondent anderson cooper.

Lumber liquidators said on thursday it has hired freeh group international solutions founded by former fbi director louis freeh to assess the company s sourcing and compliance policies. 60 minutes just aired a brutal report outlining health and safety violations by lumber liquidators. The 60 minutes report showed a factory in china making laminate flooring for lumber liquidators that was deliberately mislabeled to show that it complied with california regulations when it did. The shares were down 22 28.

The report by cnn s anderson cooper revealed chinese manufactured laminate flooring sold by the company. The 60 minutes report which aired on cbs on sunday said that lumber liquidators laminate flooring made in china contains high levels of formaldehyde a carcinogen.

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