In light of news report, Lumber Liquidators says it ‘stands by every plank’
Many owners of laminate floors are now taking a second look at what is below their feet.
On Sunday, “60 Minutes” said it tested Lumber Liquidators’ flooring in several locations for formaldehyde, a cancer-causing chemical.
The report claimed flooring in Virginia, Florida, Texas, Illinois and New York was sent to a lab to be tested.
Out of the 31 samples of laminate flooring, only one was compliant with formaldehyde emissions standards.
In fact, the report said that some were 13 times over the California limit.
“Although the CARB regulations only apply in California, we adhere to these standards everywhere we do business,” the company said.
It added that it believes “60 Minutes” used an improper testing method that is not included in CARB’s regulations.
“As 60 Minutes noted, these attacks are driven by a small group of short-selling investors who are working together for the purpose of making money by lowering our stock price. Their motives and methods are wrong and we will fight these false attacks on all fronts,” the company said.