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Lumber Liquidators Pays $13.2M to End Illegal Logging Probe


Environment  (tags: illegal logging, illegal logging trade, pollution, corporate greed, crime, punishment, protection, politics )

AWAY AWHI
- 1381 days ago - news.mongabay.com
U.S. flooring company Lumber Liquidators Inc. (NYSE:LL) will pay $13.2 million to resolve a federal investigation into its timber sourcing practices.



   

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Comments

Kathleen M (208)
Thursday October 8, 2015, 3:29 pm
Wonderful news! Thanks for sharing, Cal. Many kudos to the EIA for a job well done!
 

Christeen A (312)
Thursday October 8, 2015, 4:02 pm
It's not enough.
 

Past Member (0)
Thursday October 8, 2015, 6:05 pm
That's pocket change but still something...and still i;m not real happy about it. thx Cal
 

Glennis Whitney (393)
Thursday October 8, 2015, 6:51 pm
Great news, but it should have been lots more. Thank you for caring and sharing Cal
 

Animae C (508)
Thursday October 8, 2015, 10:09 pm
Noted
Thanx Cal
 

Arild Warud (174)
Friday October 9, 2015, 2:07 am
TY Cal.
 

BackSoon Fowler (33)
Friday October 9, 2015, 5:09 am
Interesting, time will tell what the outcome will be. Thanks Cal
 

Lona G (66)
Friday October 9, 2015, 5:58 am
They bought it off with $13.2 million and get away with it. Just imagine what harm they've done to the environment and how much money they've made by doing so if they were prepared to pay this much to avoid a probe. I'm not too happy about this, there's probably too little punishment here for Lumber Liquidators to change their ways.
 

Darren Woolsey (218)
Friday October 9, 2015, 8:32 am
Crazy amount of money involved.
 

Winn Adams (179)
Friday October 9, 2015, 9:00 am
Good
 

Past Member (0)
Friday October 9, 2015, 9:06 am
Good!
 

Lois Jordan (63)
Friday October 9, 2015, 2:36 pm
Noted. Thanks, Cal.

"The company's stock rose sharply in trading Thursday." WHAT?!
 

Walter F (129)
Friday October 9, 2015, 7:36 pm
They got off light,
 

Past Member (0)
Monday October 19, 2015, 10:43 pm
Light wood for them. Just a chip off the old block. Thanks Cal.
 
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