Lumber Liquidators Wants To Settle Their Class Action Lawsuits

Discussion in 'Industry News, Training & Organizations' started by Jim McClain, Jun 25, 2018.

  1. Jim McClain

    Jim McClain Owner/Founder Administrator

    The class action suit against Lumber Liquidators for their sales and/or manufacturing of laminate flooring with formaldehyde levels far in excess of legal limits may be coming to a close. LL has been granted preliminary approval of a settlement offer they have made for 36 million dollars ($22M cash, 14M in store vouchers). One of the class actions also claimed that LL's laminate products did not live up to their durability claims, so these plaintiffs will receive vouchers to help them purchase new flooring from Lumber Liquidators.

    Legal limits of formaldehyde in laminate flooring have changed since the first lawsuits were brought against LL. The limit in 2009 and 2010 was .21 parts per million, which LL exceeded. Part of the settlement will benefit consumers who bought laminate flooring from LL during that period. Then during the period of 2011-2014 and part of 2015 (when they stopped selling the affected flooring), the legal limit was .11 parts per million, which they also greatly exceeded. What's too much formaldehyde? The estimates vary between 6 and 20 times the legal limits. WOW!

    Of course, Lumber Liquidators still claim no wrongdoing. They stopped selling the bad product through "an abundance of caution" and are pleased that their offer settles this issue for about a million consumers (you do the math on that). If you were one of the class action participants, what do you plan to do with your big payday? ;)

    Yeah, that's a fair deal. :ohno:
     
    • Winner Winner x 1
    • Informative Informative x 1
  2. Chris 45

    Chris 45 Director of P.R. on some deserted island. I Support TFP

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