May 01, 2016 @ 11:32am PDT
Most by: ChloeBurns (2 predictions)
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Lumber Liquidators CEO unexpectedly quit amid challenges facing the company regarding their use of Chinese made laminate wood. The company's stock plunged in March after a 60 Minutes report revealed high levels of formaldehyde in the above mentioned wood products. There are also numerous lawsuits being filed against the company.
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*For the purposes of this question, bankruptcy refers to any form of bankruptcy filed.