Lumber - ein bischen Spass muss sein
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15.11.13 115,76 119,609§115,607 119,44 $ 594.892 69,9 M
GrB
20:05 18.11.13
PR Newswire
TOANO, Va., Nov. 18, 2013
TOANO, Va., Nov. 18, 2013 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, is helping to provide tents and lifesaving aid for families affected by Typhoon Haiyan.
(Logo: http://photos.prnewswire.com/prnh/20130604/MM25930LOGO)
The donation was facilitated through ShelterBox USA, a nonprofit organization that provides emergency shelter and life-saving equipment to survivors of natural disasters and other humanitarian crises around the world. Since 2010, Lumber Liquidators has donated more than $150,000 to help the organization sustain its mission to support 50,000 families annually.
ShelterBox USA delivers compact kits and other emergency supplies tailored to the needs of disaster survivors. They distribute boxes of aid and other supplies to displaced families to help them endure the immediate aftermath of a catastrophe. The boxes contain essential supplies such as tents, blankets, tool kits, water purification equipment, stoves and children's activity kits. Since its inception in 2000, ShelterBox USA has provided emergency shelter for people in the aftermath of more than 200 disasters in 90 countries.
"We are incredibly grateful for the generous support of our long-time partner, Lumber Liquidators," commented Emily Sperling, ShelterBox USA President. "They immediately took action, which is allowing us to bring shelter and hope to Typhoon Haiyan survivors as quickly as possible."
Lumber Liquidators supports ShelterBox USA through its philanthropic program, Lay It Forward. The guiding principle of Lay It Forward is supporting organizations that will benefit generations to come, a vision that also drives the enduring quality of Lumber Liquidators' products. Installing a hardwood floor is an investment by homeowners – it lasts for years and grows in character as an element of a home's beauty. By sustaining the Lay It Forward program now, Lumber Liquidators believes its investment will have a similar and lasting impact.
Robert M. Lynch, President and Chief Executive Officer of Lumber Liquidators, remarked, "It is difficult to imagine the devastation for families that lose homes in natural disasters. Our donation is a small step to help the people of the Philippines, but we hope our actions will continue to raise awareness. We are proud to support an organization like ShelterBox USA that helps families cope as they work to get back on their feet."
To learn more about ShelterBox USA and how you can support their cause, please visit LayItForward.LumberLiquidators.com. The Lay It Forward blog highlights many of the great organizations supported by Lumber Liquidators. Additionally, you may visit www.ShelterBoxUSA.org/Typhoon to find the latest information about the relief efforts following Typhoon Haiyan.
About Lumber Liquidators
With more than 310 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 first quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in-stock and ready for delivery.
With quality brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home.
For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
One Simple Plan
Andrea Foss
Tel: 612.677.2245
SOURCE Lumber Liquidators
Quelle: PR Newswire
20.11.13 113,59 115,84 113,35 115,04 $ 402.950 45,6 M
GrB
buran und MfG und schneller schneller und immer schneller wie PROPELLER
00:20 04.12.13
PR Newswire
WAYNE, Pa., Dec. 3, 2013
WAYNE, Pa., Dec. 3, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired Lumber Liquidators Holdings, Inc. ("Lumber Liquidators" or the "Company") (NYSE: LL) securities between February 22, 2012 and November 21, 2013, inclusive (the "Class Period").
(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )
For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/ll.
Lumber Liquidators is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories, operating as a single business segment.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) certain of the Company's products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products; (2) the Company imported flooring products sourced from illegally logged wood in the Russian Far East in violation of the Lacey Act; (3) as a result of the foregoing violations, the Company faces the risk of large fines, penalties, forfeitures, judgments and/or settlements in connection with government regulatory actions and/or consumer class actions; and (4) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
On June 20, 2013, an article published on SeekingAlpha.com alleged that, among other things, testing of one of Lumber Liquidators' branded wood flooring products (imported from China and sold in California) at two accredited independent laboratories found that formaldehyde emissions from the tested product were over 3.5x the maximum legal limit even though the product was labeled as being California Air Resources Board-compliant. On this news, Lumber Liquidators shares declined, over the course of two trading sessions, by $9.40 per share or nearly 11%, to close at $76.63 per share on June 21, 2013.
On September 26, 2013, agents from the Department of Homeland Security, the U.S Fish and Wild Life Service, and the Department of Justice executed sealed search warrants at Lumber Liquidators' corporate offices in Toano and Richmond, Virginia, related to the importation of certain wood products. On this news, Lumber Liquidators shares declined $5.83 per share or more than 5%, to close at $107.13 per share on September 27, 2013.
On November 21, 2013, well known hedge fund manager Whitney Tilson criticized the Company for importing illegally sourced timber from Russia in direct violation of U.S. laws. Mr. Tilson explained that the Company was only able to maintain its unbelievably high margins, and thus inflate its revenues, as a result of importing illegal timber. On this news the Company's shares fell over $16.07 per share, or over 13%, to $99.29 per share over two trading sessions.
If you are a member of the class, you may, no later than January 27, 2014, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/ll or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/ll
rmaniskas@rmclasslaw.com
SOURCE Ryan & Maniskas, LLP
Quelle: PR Newswire
18:35 04.12.13
PR Newswire
BOSTON, Dec. 4, 2013
BOSTON, Dec. 4, 2013 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), Hausfeld LLP (www.hausfeldllp.com) and Grant & Eisenhofer P.A. (www.gelaw.com), three of the most prominent class action firms in the United States, announce that they filed a class action complaint in the United States District Court for the Eastern District of Virginia against Lumber Liquidators Holdings, Inc. ("Lumber Liquidators" or the "Company") (NYSE: LL). The case is captioned Williamson, et al. v. Lumber Liquidators Holdings, Inc., Case No. 1:13-cv-1487 (E.D.Va.). The class action complaint alleges that Lumber Liquidators sold products to consumers in violation of federal and state laws.
More specifically, the lawsuit arises out of Lumber Liquidators' scheme to import into the United States, and to falsely warrant, advertise, and sell, Chinese wood flooring that fails to comply with the formaldehyde standards and the Lacey Act.
Contrary to its direct representations to consumers, Lumber Liquidators manufactures, sells, and distributes Chinese wood flooring that emits and off-gasses excessive levels of formaldehyde, which is categorized as a known human carcinogen by the United States National Toxicology Program and the International Agency for Research on Cancer. Although Lumber Liquidators made repeated, detailed representations that its flooring complies with strict formaldehyde standards, the lawsuit alleges that the toxic formaldehyde emissions from the Company's Chinese wood flooring products are well above the maximum permissible limits set by those standards at the time of purchase.
Moreover, the lawsuit alleges that, contrary to its direct representations to consumers, Lumber Liquidators also manufactures, sells, and distributes wood flooring that is illegally sourced through China from other countries (including Russia), threatening critical habitat and endangered species, in violation of the Lacey Act. Lumber Liquidators' repeated violations of the Lacey Act are detailed in a report entitled "Liquidating the Forests," released by the Environmental Investigation Agency in October 2013.
Block & Leviton initially announced an investigation into Lumber Liquidators on June 26, 2013. Thereafter, on September 26, 2013, the Company's headquarters in Toano, Virginia and another corporate location in neighboring Richmond, Virginia, were raided by United States Federal Special Agents acting on behalf of the Immigration and Customs Enforcement's Homeland Security Investigations unit, the U.S. Fish and Wildlife Service, and the Department of Justice. According to various news sources, the raid seized evidence that Lumber Liquidators is importing wood products harvested from forests in eastern Russia (which are then processed across the border in China) that are the habitat of critically endangered wildlife species, including the Siberian tiger, of which there are an estimated 450 remaining in the world.
Following the filing of the lawsuit, attorney Jason M. Leviton stated: "Lumber Liquidators' egregious misconduct was a breach of their express and implied warranties and has caused significant harm to purchasers of the Company's Chinese-sourced wood flooring products. Quite simply, consumers would not have purchased, or would have paid substantially less for, products that contain toxic levels of formaldehyde or that were sourced illegally from critical habitats, both of which were done in violation of federal and state laws. We will do everything in our power to make sure this conduct ceases and that consumers are adequately compensated for the damages they sustained resulting from Lumber Liquidators' improper conduct."
If you would like a copy of the complaint, please visit Block & Leviton's website at www.blockesq.com. Or, if have information relevant to the lawsuit, or would like to discuss your legal rights, consumers who have purchased Lumber Liquidators' Chinese wood flooring products are encouraged to contact one or more of the following attorneys:
Steven P. Harte, Esq.
Block & Leviton LLP
Steven@blockesq.com
(617) 398-5600
James J. Pizzirusso, Esq.
Hausfeld LLP
jpizzirusso@hausfeldllp.com
(202) 540-7200
Adam J. Levitt, Esq.
Grant & Eisenhofer P.A.
alevitt@gelaw.com
(312) 214-0000
Contact:
BLOCK & LEVITON LLP
Jason M. Leviton Esq.
Steven Harte, Esq.
(617) 398-5600
Jason@blockesq.com
Steven@blockesq.com
SOURCE Block & Leviton LLP
Quelle: PR Newswire
09.12.13 103,94 104,60§102,80 103,80 $ 806.207 73,6 M
GrB
23:10 09.12.13
PR Newswire
TOANO, Va., Dec. 9, 2013
TOANO, Va., Dec. 9, 2013 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today raised its full year 2013 outlook and provided an initial full year 2014 outlook in conjunction with the Company's participation in the Credit Suisse Hardline Retail Roundup Conference in New York City on December 10, 2013. Robert M. Lynch, President and Chief Executive Officer, William K. Schlegel, Chief Merchandising Officer, and Daniel E. Terrell, Chief Financial Officer, will be meeting with investors throughout the day.
(Logo: http://photos.prnewswire.com/prnh/20130604/MM25930LOGO )
The Company has made available an updated presentation on the Investor Relations section of the Company's website, www.lumberliquidators.com, which includes the updated outlook for 2013, initial outlook for 2014 and supplemental information on the Company's strategic initiatives including store base expansion, direct sourcing and supply chain optimization.
Company Outlook for 2013
Based on year-to-date results and current trends, the Company now expects to achieve the following for the full year 2013:
Net sales in the range of $994 million to $1.0 billion, up from a previous range of $985 million to $995 million, with the fourth quarter ranging from $252 million to $258 million.
Comparable store net sales increasing 15% to 16%, up from a previous range of 14% to 15%, with the fourth quarter ranging from 13% to 15%.
The opening of a total of 29 to 30 new store locations in 2013.
Fourth quarter gross margin in the range of 40.4% to 40.7%, including incremental transportation costs of $1.2 million to $1.4 million related to the start-up of the West Coast distribution center.
Incremental selling, general and administrative expenses in the fourth quarter of approximately $1.8 million to $2.3 million versus a prior estimate of $1.4 million to $1.8 million, primarily related to the start-up of the West Coast distribution center and certain incremental legal and professional fees.
Earnings per diluted share in the range of approximately $2.72 to $2.75, based on a diluted share count of approximately 27.9 million shares, which is exclusive of any future impact of the stock repurchase program, up from a previous range of $2.65 to $2.74, with the fourth quarter ranging from $0.69 to $0.72.
Company Outlook for 2014
Additionally, the Company has provided an initial outlook for the full year 2014:
Net sales in the range of $1.15 billion to $1.20 billion.
Comparable store net sales increasing in the high single to low-double digits.
The opening of a total of 30 to 40 new store locations and remodeling of a total of 25 to 35 existing stores, all in the expanded showroom format.
Earnings per diluted share in the range of approximately $3.25 to $3.60, based on a diluted share count of approximately 28.2 million shares, which is exclusive of any future impact of the stock repurchase program.
Lumber Liquidators plans to report its fourth quarter and full year 2013 financial results and provide full guidance for 2014 in February 2014.
About Lumber Liquidators
With over 315 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 first quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in-stock and ready for delivery.
With quality brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home.
For more information, please visit www.lumberliquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter.
Forward-Looking Statements
This press release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act. These statements are based on currently available information as of the date of such statements and are subject to risks and uncertainties that may cause actual results to differ. The Company specifically disclaims any obligation to update these statements which speak only as of their respective dates, except as may be required under the federal securities laws. Information regarding these additional risks and uncertainties is contained in the Company's filings with the Securities and Exchange Commission.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
SOURCE Lumber Liquidators
Quelle: PR Newswire
Net sales in the range of $994 million to $1.0 billion, up from a previous range of $985 million to $995 million, with the fourth quarter ranging from $252 million to $258 million.
Comparable store net sales increasing 15% to 16%, up from a previous range of 14% to 15%, with the fourth quarter ranging from 13% to 15%.
The opening of a total of 29 to 30 new store locations in 2013.
Fourth quarter gross margin in the range of 40.4% to 40.7%, including incremental transportation costs of $1.2 million to $1.4 million related to the start-up of the West Coast distribution center.
Incremental selling, general and administrative expenses in the fourth quarter of approximately $1.8 million to $2.3 million versus a prior estimate of $1.4 million to $1.8 million, primarily related to the start-up of the West Coast distribution center and certain incremental legal and professional fees.
Earnings per diluted share in the range of approximately $2.72 to $2.75, based on a diluted share count of approximately 27.9 million shares, which is exclusive of any future impact of the stock repurchase program, up from a previous range of $2.65 to $2.74, with the fourth quarter ranging from $0.69 to $0.72.
Company Outlook for 2014
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
SOURCE Lumber Liquidators
Quelle: PR Newswire
Net sales in the range of $1.15 billion to $1.20 billion.
Comparable store net sales increasing in the high single to low-double digits.
The opening of a total of 30 to 40 new store locations and remodeling of a total of 25 to 35 existing stores, all in the expanded showroom format.
Earnings per diluted share in the range of approximately $3.25 to $3.60, based on a diluted share count of approximately 28.2 million shares, which is exclusive of any future impact of the stock repurchase program.
Lumber Liquidators plans to report its fourth quarter and full year 2013 financial results and provide full guidance for 2014 in February 2014.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
SOURCE Lumber Liquidators
Quelle: PR Newswire
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
SOURCE Lumber Liquidators
Quelle: PR Newswire
With quality brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home.
For more information, please visit www.lumberliquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter.
Frankfurt 300 75,264 € 75,964 € 300 0,93% 12:46:44
NYSE 600 71,56 $ 105,00 $ 800 46,73% 12:11:32
buran und MfG und Dreimal Rosamunde
18:15 17.12.13
PR Newswire
NEW YORK, Dec. 17, 2013
NEW YORK, Dec. 17, 2013 /PRNewswire/ -- Bernstein Liebhard LLP today announced that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia on behalf of purchasers (the "Class") of securities of Lumber Liquidators, Inc. ("Lumber Liquidators" or the "Company") (NYSE: LL) during the period between February 22, 2012 and November 21, 2013 (the "Class Period").
(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO)
Lumber Liquidators is a multi-channel specialty retailer of hardwood flooring and hardwood flooring enhancements and accessories.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) certain of the Company's products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products; (2) the Company imported flooring products sourced from illegally logged wood in the Russian Far East in violation of the Lacey Act; (3) as a result of the foregoing violations, the Company faces the risk of large fines, penalties, forfeitures, judgments and/or settlements in connection with government regulatory actions and/or consumer class actions; and (4) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
On June 20, 2013, an article published on SeekingAlpha.com alleged that, among other things, testing of one of Lumber Liquidators' branded wood flooring products (imported from China and sold in California) at two accredited independent laboratories found that formaldehyde emissions from the tested product were over 3.5 times the maximum legal limit even though the product was labeled as being California Air Resources Board-compliant. On this news, Lumber Liquidators shares declined, over the course of two trading sessions, by $9.40 per share or nearly 11%, to close at $76.63 per share on June 21, 2013.
On September 26, 2013, agents from the Department of Homeland Security, the U.S Fish and Wildlife Service, and the Department of Justice executed sealed search warrants at Lumber Liquidators' corporate offices in Toano and Richmond, Virginia, related to the importation of certain wood products. On this news, Lumber Liquidators shares declined $5.83 per share or more than 5%, to close at $107.13 per share on September 27, 2013.
On November 21, 2013, hedge fund manager Whitney Tilson criticized the Company for importing illegally sourced timber from Russia in direct violation of U.S. laws. Tilson explained that the Company was only able to maintain its unbelievably high margins, and thus inflate its revenues, as a result of importing illegal timber. On this news, the Company's shares fell over $16.07 per share, or over 13%, to $99.29 per share over two trading sessions.
Plaintiffs seek to recover damages on behalf of all Class members who invested in Lumber Liquidators securities during the Class Period. If you invested in Lumber Liquidators securities as described above, and either lost money on the transaction or still hold the security, you may wish to join in this action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than January 27, 2014.
A "lead plaintiff" is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard LLP, or other counsel of your choice, to serve as your counsel in this action.
If you are interested in discussing your rights as a Lumber Liquidators shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.
You can obtain a copy of the complaint from the clerk of the court for the United States District Court for the Eastern District of Virginia.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
SOURCE Bernstein Liebhard LLP
Quelle: PR Newswire
16:25 18.12.13
PR Newswire
TOANO, Va., Dec. 18, 2013
TOANO, Va., Dec. 18, 2013 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, continues to support visually-impaired children and adults via National Braille Press, a non-profit Boston-based publishing house. Since 2006, Lumber Liquidators has donated more than $850,000 to help the organization sustain its mission.
(Logo: http://photos.prnewswire.com/prnh/20130604/MM25930LOGO )
"Our partnership with Lumber Liquidators helps promote literacy among blind children and provides access to information for blind and visually-impaired people. Braille remains relevant, especially in the digital age," said Brian MacDonald, President of National Braille Press. "Lumber Liquidators makes a positive impact in the lives of many people through our partnership and we're grateful for their support."
National Braille Press programs and services focus on literacy for young children, education and braille technology in the digital age. This includes early braille reading for young children and access to educational materials and original books published by blind authors on topics such as braille technology.
Tom Sullivan, Founder and Chairman of Lumber Liquidators, remarked, "National Braille Press empowers blind people to crush obstacles that prevent them from fully realizing their gifts and talents which make the world a better place for everyone. I am very proud that Lumber Liquidators has supported this wonderful charity to the extent we have."
Lumber Liquidators has sponsored the braille version of several children's books, including "Oh, The Place You'll Go!" by Dr. Seuss, and two braille editions from the popular "Harry Potter" series. Since 2005, Sullivan has served as event co-chair of National Braille Press' annual gala, A Million Laughs for Literacy, benefitting the Hands On! Books for Blind Children initiative, and he was given the charity's prestigious President's Award in 2008.
Lumber Liquidators supports National Braille Press through its philanthropic program, Lay It Forward. The guiding principle of Lay It Forward is supporting organizations that will benefit generations to come, a vision that also drives the enduring quality of Lumber Liquidators' products. Installing a hardwood floor is an investment by homeowners – it lasts for years and grows in character as an element of a home's beauty. By sustaining the Lay It Forward program now, Lumber Liquidators believes its investment will have a similar and lasting impact.
To learn more about National Braille Press and other organizations that Lumber Liquidators supports, visit Layitforward.lumberliquidators.com. The Lay It Forward blog tells the inspirational stories of organizations that Lumber Liquidators has supported with product and/or financial donations.
About Lumber Liquidators
With more than 315 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 first quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in stock and ready for delivery.
With quality brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home.
For more information, please visit www.lumberliquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
John Feld – One Simple Plan
Tel: 612.677.2248
SOURCE Lumber Liquidators
Quelle: PR Newswire
14:05 20.12.13
PR Newswire
NEW YORK, Dec. 20, 2013
NEW YORK, Dec. 20, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against Lumber Liquidators, Inc. ("Lumber Liquidators" or the "Company") (NYSE: LL) and certain of its officers. The class action, filed in United States District Court, Eastern District of Virginia, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Lumber Liquidators securities between February 22, 2012 and November 21, 2013 both dates inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
If you are a shareholder who purchased Lumber Liquidators securities during the Class Period, you have until January 27, 2014 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
Lumber Liquidators is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories, operating as a single business segment.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) certain of the Company's products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products; (2) the Company imported flooring products sourced from illegally logged wood in the Russian Far East in violation of the Lacey Act; (3) as a result of the foregoing violations, the Company faces the risk of large fines, penalties, forfeitures, judgments and/or settlements in connection with government regulatory actions and/or consumer class actions; and (4) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
On June 20, 2013, an article published on SeekingAlpha.com alleged that, among other things, testing of one of Lumber Liquidators' branded wood flooring products (imported from China and sold in California) at two accredited independent laboratories found that formaldehyde emissions from the tested product were over 3.5x the maximum legal limit even though the product was labeled as being California Air Resources Board-compliant. On this news, Lumber Liquidators shares declined, over the course of two trading sessions, by $9.40 per share or nearly 11%, to close at $76.63 per share on June 21, 2013.
On September 26, 2013, agents from the Department of Homeland Security, the U.S Fish and Wild Life Service, and the Department of Justice executed sealed search warrants at Lumber Liquidators' corporate offices in Toano and Richmond, Virginia, related to the importation of certain wood products. On this news, Lumber Liquidators shares declined $5.83 per share or more than 5%, to close at $107.13 per share on September 27, 2013.
On November 21, 2013, well known hedge fund manager Whitney Tilson criticized the Company for importing illegally sourced timber from Russia in direct violation of U.S. laws. Mr. Tilson explained that the Company was only able to maintain its unbelievably high margins, and thus inflate its revenues, as a result of importing illegal timber. On this news the Company's shares fell over $16.07 per share, or over 13%, to $99.29 per share over two trading sessions.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Quelle: PR Newswire
07.01.14 102,67 105,65§102,45 104,64 $ 634.316 52,0 M
GrB
PR Newswire
TOANO, Va., Jan. 9, 2014
TOANO, Va., Jan. 9, 2014 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today announced the promotions of James Davis to Senior Vice President, Sales, and Charles Schwartz to Chief Information Officer and Senior Vice President, Business Development. Both Mr. Davis and Mr. Schwartz will continue to report directly to President and Chief Executive Officer, Robert Lynch.
(Logo: http://photos.prnewswire.com/prnh/20130604/MM25930LOGO )
In his new position, Mr. Davis will oversee the performance of retail store operations across three divisions in the United States and one in Canada, as well as the further development of commercial sales. Mr. Davis joined the Company in January 2009 as a regional manager and most recently served as Vice President of Sales responsible for the Eastern division of the U.S. Prior to joining Lumber Liquidators, Mr. Davis held executive and management positions at national retailers including Circuit City and Sears Holdings.
Mr. Schwartz will continue to oversee all technology functions and direct the implementation of certain of the Company's key strategic initiatives, as well as lead development efforts for future business opportunities. Mr. Schwartz most recently served as the Company's Vice President of Operations and Strategy. Prior to joining the Company in March 2012, Mr. Schwartz held roles in information technology, business development and store operations at various organizations including Accenture, The Tensar Corporation and The Home Depot.
Mr. Lynch commented, "We are extremely pleased to announce the promotion of both Jim and Chuck who have both been so integral to the success we have achieved in our business to date. With our significant past growth and aggressive plans for the future, we continuously challenge our management structure for operating effectiveness. I am excited to be able to recognize Jim's and Chuck's outstanding performance and contributions with these promotions. We believe their ongoing efforts, and our expansion of the U.S. divisional structure of our retail store operations from two to three as we continue to open and remodel stores, will help us realize additional operational efficiencies and successfully implement our key strategic initiatives."
About Lumber Liquidators
In its 20th year and with more than 315 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in-stock and ready for delivery.
With premier brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House.
For more information, please visit www.lumberliquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter, and learn more about its corporate giving program at layitforward.lumberliquidators.com/.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
SOURCE Lumber Liquidators
Quelle: PR Newswire
09.01.14 104,70 105,18§101,02 102,08 $ 991.625 89,0 M
GrB
With premier brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House.
For more information, please visit www.lumberliquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter, and learn more about its corporate giving program at layitforward.lumberliquidators.com/.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
SOURCE Lumber Liquidators
Quelle: PR Newswire
14.01.14 101,35 102,32§100,215 101,71 $ 842.278 79,0 M
..dann sind wir den Sternen so nah ..wenn Du mitschweben möchtest musst Du Lumber in Deinem Depot einrühren ..dann schweben wir weiter mit Tickerlichter der Geschwindigkeit in den Orbit rein
Kosmonova buran,Die Börsen Lumber Ticker Sternen Orbit Schwebers
16:05 17.01.14
PR Newswire
TOANO, Va., Jan. 17, 2014
TOANO, Va., Jan. 17, 2014 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, has empowered people to unleash their potential through its ongoing support for No Barriers USA. The organization is committed to inspiring disabled individuals to live full, meaningful lives, without barriers.
(Logo: http://photos.prnewswire.com/prnh/20130604/MM25930LOGO )
Tom Sullivan, Founder and Chairman of Lumber Liquidators, remarked, "The obstacles disabled people face everyday with courage and determination make what the average American stresses about pale in comparison. Lumber Liquidators is very proud to support No Barriers and their beneficiaries who consistently inspire us to be better."
Lumber Liquidators' roots with No Barriers USA go back to 2001, when Sullivan was inspired by blind adventurer Erik Weihenmayer and decided to support his quest to reach the summit of Mount Everest. After becoming the first blind climber to scale the world's tallest mountain, Weihenmayer sought to empower others to discover their potential – regardless of physical condition – and co-founded No Barriers in 2005.
"Lumber Liquidators has been a wonderful partner in supporting people who face challenges ranging from amputations to back problems," said Erik Weihenmayer, Board Vice President of No Barriers USA. "The generosity of Lumber Liquidators helps us break down barriers for these individuals, and empower them to explore what's possible – whether that means climbing a mountain or just getting up the stairs."
Lumber Liquidators has been a major sponsor of the biannual No Barriers Summit since the first U.S. event in 2007. The event brings together people with varying disabilities and abilities, featuring activities designed to intellectually, emotionally and physically challenge attendees. The No Barriers Summit features keynote addresses, leadership exercises and authentic immersion activities ranging from rock climbing and biking to photography and painting.
Lumber Liquidators supports No Barriers USA and a wide range of Weihenmayer's other initiatives through its philanthropic program, Lay It Forward. The guiding principle of Lay It Forward is supporting organizations that will benefit generations to come, a vision that also drives the enduring quality of Lumber Liquidators' products. Installing a hardwood floor is an investment by homeowners – it lasts for years and grows in character as an element of a home's beauty. By sustaining the Lay It Forward program now, Lumber Liquidators believes its investment will have a similar and lasting impact.
To learn more about No Barriers USA and other organizations that Lumber Liquidators supports, visit LayItForward.LumberLiquidators.com. The Lay It Forward blog tells the inspirational stories of organizations that Lumber Liquidators has supported with product and/or financial donations.
About Lumber Liquidators
In its 20th year and with more than 315 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in-stock and ready for delivery.
With premier brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House.
For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD. You can also follow the Company on Facebook and Twitter, and learn more about its corporate giving program at LayItForward.LumberLiquidators.com
Video with caption: "Inspired by a blind adventurer's mission to scale Mount Everest, Lumber Liquidators supports No Barriers USA's efforts to help the disabled discover their potential through its philanthropic program, Lay It Forward." Video available at: http://youtu.be/-C_Mv_ZfL94
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
John Feld - One Simple Plan
Tel: 612.677.2248
SOURCE Lumber Liquidators, Inc.
Quelle: PR Newswire