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Mar 23, 2016 7:26 PM

Changing Families: Lumber Liquidators settles California lawsuit over formaldehyde in flooring

CHANGING FAMILIES - How safe is the flooring in your home? Lumber Liquidators is paying $2.5 million to settle a lawsuit claiming some of its products violated California's air-safety standards. The company is paying to settle, but they're not admitting to any wrongdoing.

It's the latest penalty for formerly selling Chinese-made laminate flooring containing high levels of formaldehyde which can be a cancer causing chemical.

The company still faces several class-action lawsuits involving the flooring. Last year Lumber Liquidators was fined $13.2 million and pleaded guilty to somE environmental crimes.

Shares of Lumber Liquidators Holdings Inc. are down more than 70 percent since questions about the China-made flooring surfaced last March.

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