Richmond, VA: A $36 million settlement deal has been reached between Lumber Liquidators (LL) and two classes of consumers, potentially ending multidistrict litigation alleging LL manufactured and sold defective and hazardous laminate flooring.
According to litigation, one class alleged that the durability of the wood was not what not up to grade advertized, while the other class claimed the wood contained levels of formaldehyde beyond the legal standard.
According to the terms of the proposed deal, LL will pay $22 million in cash and another $14 million as in-store credit.
Class members include all persons who purchased Chinese-manufactured laminate flooring sold by LL between January 2009 and May 2015. They will be eligible for cash or vouchers, according to LL.
The proposed agreement must receive final court approval. The case is Leticia Ruiz v. Lumber Liquidators Holdings Inc. et al., case number 1:15-cv-02745, in the U.S. District Court for the Eastern District of Virginia.