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Violation Tracker Individual Record

Company: Lumber Liquidators Holdings Inc.
Current Parent Company: LL Flooring Holdings
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Penalty: $27,000,000
Year: 2019
Date: March 12, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: fraud
Mega-Scandal: Defective Building Materials
Violation Description: Lumber Liquidators Holdings Inc. agreed to pay a penalty of $33 million for filing a materially false and misleading statement to investors regarding the sale of its laminate flooring from China to its customers in the United States. A $6 million penalty paid in a parallel case brought by the SEC was credited toward the $33 million amount.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Virginia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: housewares and home furnishings
Specific Industry of Current Parent: flooring
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.