Lumber Liquidators tumbles after founder shelves buyout and sells shares for a quick profit. ... On Friday, Sullivan sold nearly 80% of his investments, or 1.75 million shares in the stock.

Did Lumber Liquidators get bought out?

In April 2020, Lumber Liquidators officially changed its name to LL Flooring in order to better reflect who we are. No lumber. No liquidation. ... Order online now and pick up your floor in your local LL Flooring store.

What was the scandal with Lumber Liquidators?

Lumber Liquidators shares were slammed in March 2015 after a “60 Minutes” report alleged that Chinese-made laminate flooring from Lumber Liquidators installed in many American homes contained far higher than accepted levels of formaldehyde, a known carcinogen.