NEW YORK, June 24, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Lumber Liquidators Holdings, Inc. ("Lumber Liquidators" or the "Company") (NYSE: LL).
On June 20, 2013, SeekingAlpha.com published a report that alleged that the Company was selling hardwood flooring products that potentially contained illegal levels of formaldehyde, a known carcinogen. On this news, Lumber Liquidators' stock price dropped from the June 19, 2013 close of $86.03 to $82.16 on June 20, 2013 on unusually heavy trading volume. On June 21, 2013, the Company's stock price dropped further to close at $76.63, for a total two-day drop of approximately 11%.
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If you invested in Lumber Liquidators' stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/LL. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Lumber Liquidators' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP