Lumber Liquidators has made headlines recently, but it’s not because of some mega clearance sale or feel-good promotion. Rather, they were selling flooring that contained a toxic chemical known to jeopardize people’s health — formaldehyde.
Worse, they were making false claims about this, saying that the Chinese-made laminate flooring they were supplying fell within state and federal formaldehyde limits. In reality, the flooring exceeded state and federal formaldehyde standards by as much as a whopping 1,300 percent.(1)
This caused an uproar among concerned citizens, ultimately resulting in a series of class action suits across the country.
The news has been worrisome for many; after 60 Minutes aired information about the cancer-causing chemicals found in the flooring, Lumber Liquidators stock fell dramatically — 25 percent.(2)
Forget flooring: What about the formaldehyde in our vaccines?
While the fact that Lumber Liquidators has come under pressure for this, there seems to be a greater issue at hand.