Violation Tracker Individual Record

Company: 
Lumber Liquidators Holdings Inc.
Current Parent Company: 
Lumber Liquidators Inc.
Penalty: 
$27,000,000
Year: 
2019
Date: 
March 12, 2019
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
fraud
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 Parent: 
USA
HQ State of Parent: 
Virginia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
housewares and home furnishings
Specific Industry of Parent: 
flooring
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.