Lumber Liquidators has reached a $36 million settlement of class action claims over its sale of Chinese-made laminate flooring (In re Lumber Liquidators Chinese-Manufactured Flooring Products Marketing, Sales Practices and Products Liability Litigation, E.D. Va., 15-md-2627, 16-md-2743, 10/24/17).
The agreement calls for the company to pay $22 million in cash and $14 million in store credits, the company said Oct. 24.
The memorandum of understanding, which is subject to court approval, would resolve all class action claims over the flooring, Daniel Bryson with Whitfield, Bryson & Mason, LLP, one of the attorneys for the plaintiffs, told Bloomberg Law. ...
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