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LL - Lumber Liquidators Clears Up Its Legal Issues
Lumber Liquidators Holdings Inc
Lumber Liquidators (LL) has settled what appears to be its last major legal issue related to its Chinese laminate flooring crisis from a few years ago. This settlement will cost Lumber Liquidators $33 million, but clears up the US Attorney's Office, DOJ and SEC investigations into Lumber Liquidators' actions at that time.
Lumber Liquidators will have significantly increased debt as a result of the various legal settlement payments, but its debt remains at a manageable level. Its focus will need to be on managing its gross margins amidst the Chinese tariffs issues as