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