Lumber Liquidators pleads guilty to Lacey Act violations – MarketWatch

Lumber Liquidators Holdings Inc. LL, -0.45% has pleaded guilty to environmental crimes, related to the wood-flooring retailer’s illegal importation of hardwood flooring, according to a statement from the U.S. Department of Justice. Much of the flooring was illegally logged in Russia, in the habitat of endangered Siberian tigers and Amur leopards, and manufactured in China. The guilty plea is not related to a “60 Minutes” report earlier this year, that alleged the company sold wood flooring from China with high-levels of a cancer-causing agent. As part of the plea deal, Lumber Liquidators will pay $13.15 million, including $7.8 million in criminal fines, nearly $1 million in criminal forfeiture, $1.23 million in community service payments and $3.15 million through a related civil forfeiture.

via Lumber Liquidators pleads guilty to Lacey Act violations – MarketWatch.

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