While operating under the Lumber Liquidators brand name, the company was in the spotlight after a "60 Minutes" report found some its flooring contained dangerous levels of formaldehyde. In 2019, it agreed to pay$33 million in finesfor misleading investors about levels of the chemical in its Chi...
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11 process is the best path forward for the company," LL Flooring CEO Charles Tyson said in the statement.The bankruptcy will also provide LL Flooring with the time and flexibility to close some of its stores while also pursuing the sale of the rest of the business, he added.The provider...