Lumber Liquidators plans $36M settlement in flooring cases

TOANO, Va. (AP) — Lumber Liquidators has agreed to a $36 million settlement to resolve claims brought on behalf of people who bought Chinese-manufactured laminate flooring reported to contain unsafe levels of formaldehyde.
The Virginia-based company said Tuesday that it has signed a memorandum of understanding to settle all claims in two class-action lawsuits filed in the Eastern District of Virginia.
Lumber Liquidators will pay $22 million in cash and provide $14 million in store-credit v