Floor And Decor Lawsuit Settlement

In the registration statement the defendants the lawsuit points out noted that there were risks that could negatively impact financial results if they occurred. Floor and decor has reached a settlement with a group of plaintiffs that have claimed that the company sold laminate flooring made in china that did not comply with california air resources board standards for formaldehyde emissions therefore not complying with carb standards. But former employees cbs4 spoke with aren t convinced.

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Highlands ranch co february 24 2017 floor decor has settled a 14 million class action lawsuit over claims it was acting unethically in the sale of chinese made laminate flooring tampering.

Floor and decor lawsuit settlement.

A proposed collective action claims floor and decor outlets of america inc. Later that month the suit says floor decor filed with the sec a registration statement in connection with a second offering of 10 million shares of common stock. Was mislabeled as being compliant with california regulations regarding formaldehyde emissions. Floor and decor outlets of america inc defendant.

F d failed to pay hourly employees time and a half wages for all hours worked in excess of 40 per week in violation of the fair labor standards act. Lumber liquidators has agreed to pay 30 million to end a 2014 class action lawsuit in which consumers alleged the company s morning star strand bamboo flooring is uniformly defective and lasts nowhere near as long as its warranted 30 year lifespan. Case summary this settlement resolves a lawsuit against floor decor in which the plaintiff claims the laminate flooring sold was not in compliance with california health and safety regulations carb formaldehyde gas is hazardous to the health of consumers and limits have been set to reduce exposure. As part of the settlement floor and décor did not admit any fault and has always contended its products are safe.

Floor and decor outlets of america is facing a consumer fraud class action lawsuit alleging its laminate wood flooring contains excess levels of formaldehyde. Floor decor credit. Cbs according to the national cancer institute formaldehyde is a known carcinogen and prolonged exposure to the chemical can cause cancer. Floor and decor outlets of america facing class action over formaldehyde in laminate flooring december 30 2015 by lucy campbell santa clara ca.

A settlement has been reached in a class action lawsuit alleging certain chinese made laminate flooring sold by floor decor outlets of america inc. 1 15 cv 04316 elr plaintiffs notice of filing corrected exhibit 4 to the unopposed motion for preliminary approval and memorandum of law in support of settlement certifying class for purposes of settlement directing notice to the class and scheduling final fairness hearing.

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