Amid allegations that Lumber Liquidators and Lowe’s sold laminate flooring that contained toxic levels of formaldehyde, Home Depot’s reputation has remained untarnished, as the company hopes to attract new customers as a result of the controversy.
Free Laminate Flooring Class Action Lawsuit Evaluation: If you or a loved one purchased laminate flooring from Lowe’s or Lumber Liquidators, or suffered from formaldehyde side effects, you should contact our law firm immediately. You may be entitled to compensation by filing a suit and our lawyers can help.
CONSUMER LAWSUITS: If you purchased wood flooring from Lowe’s or Lumber Liquidators, you may be entitled to compensation if your floors test positive for elevated levels of formaldehyde. In addition, if you or your loved ones (including pets) have symptoms related to the exposure of formaldehyde off-gasing, or have been diagnosed with an illness, you may also be entitled to compensation for your injuries, lost wages, medical expenses and pain and suffering.
CONTRACTOR & INSTALLER LAWSUITS: if you are a laminate flooring contractor or installer of laminate flooring, there is an increased risk that you may have been exposed to high concentrations of formaldehyde fumes while cutting, breathing in dust and installing these products. If you have suffered symptoms related to the exposure of formaldehyde off-gasing, or have been diagnosed with an illness, you may also be entitled to compensation for your injuries.
LOWE’S / LUMBER LIQUIDATORS EMPLOYEES: If you are a current or former employee of Lowe’s or Lumber Liquidators, and have information related to the recent public discovery that some of the companies products contained elevated levels of formaldehyde, we would like to speak with you. Any communication between you and our firm will be strictly confidential.
Home Depot Capitalizes on Lumber Liquidators’ Falling Stock
May 7, 2015 – Home Depot’s stock has climbed nearly 3% this year, while Lumber Liquidators’ has plunged 59% in the wake of a March 1 “60 Minutes” report aired on CBS that alleged the company sold Chinese laminate flooring that contained illegal levels of formaldehyde, a cancer-causing substance.
Formaldehyde in Laminate Flooring
Laminate wood floors have grown in popularity recently because they offer a cheap, easy-to-install alternative to tile or hardwood flooring. However, concerns have been raised about how the products are manufactured, especially those made in China. Formaldehyde, a flammable chemical that has been linked to cancer and other severe health complications, is used in the glue that holds the flooring together.
Lowe’s Has Same ‘Toxic’ Floors as Lumber Liquidators: Analyst
The CBS investigation was launched after a June 2013 article published in Seeking Alpha alleged Lumber Liquidators had been selling mislabeled Chinese flooring that contained illegal levels of formaldehyde. Last week, a new Seeking Alpha article written by the same author, hedge fund analyst Xuhua Zhou, accusing Lowe’s of selling flooring that contained levels of formaldehyde similar to Lumber Liquidators’:
“New evidence has come to my attention that Lumber Liquidators may not have been the lone violator when it comes to laminate floor sourcing,” Zhou said. “Lowe’s, a behemoth in home improvement, has been selling similar questionable products as recent as late March.”
Lowe’s Pulls Tecsun Flooring
Both Lowe’s and Lumber Liquidators maintain their laminate floors are safe; however, only Lowe’s has taken the suspect flooring off the market pending the results of an investigation. The flooring, sold under the Tecsun brand, was available by special order and online, but not in stores.
Zhou, who is short-selling Lowe’s, meaning he’s betting the company’s stock will fall, has praised Home Depot and claims that it maintains higher standards than Lumber Liquidators and Lowe’s. He also owns stock in Home Depot.
Do I Have a Laminate Flooring Class Action Lawsuit?
The Class Action Litigation Group at our law firm is an experienced team of trial lawyers that focus on the representation of plaintiffs in Laminate Flooring Class Action Lawsuits. We are handling individual litigation nationwide and currently accepting new formaldehyde injury cases in all 50 states.
Free Laminate Flooring Class Action Lawsuit Evaluation: Again, if you or a loved one purchased laminate flooring from Lumber Liquidators or Lowe’s, or suffered from formaldehyde poisoning, you should contact our law firm immediately. You may be entitled to compensation by filing a Laminate Flooring Class Action Suit and our lawyers can help.