The settlement includes all persons who, from February 22, 2012, through February 27, 2015 purchased or otherwise acquired the common stock of Lumber Liquidators Holdings Inc or exchange traded call options on Lumber Liquidators Holdings Inc common stock, or sold exchange traded put options on Lumber Liquidators Holdings Inc common stock.
The settlement amount consists of:
- $26,000,000 in cash
- 1,000,000 shares of Lumber Liquidators Holdings Inc common stock.

December 8, 2016 - The court entered an amended order awarding attorney fees and expenses.

November 17, 2016 - The court approved the settlement and entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.

July 8, 2016 - The court preliminarily approved the settlement.

June 15, 2016 - Parties filed a stipulation of settlement.

December 21, 2015 - The court denied defendants' motion to dismiss.

June 2, 2015 - Defendants filed a motion to dismiss.

April 22, 2015 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Lumber Liquidators Holdings Inc (NYSE: LL) common shares between February 22, 2012 and February 27, 2015. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between February 22, 2012 and February 27, 2015.

March 23, 2015 - The lead plaintiffs and lead counsel were appointed and cases were consolidated.

March 2, 2015 - Another lead plaintiff motion was filed.

November 26, 2014 - The lead plaintiffs filed a third amended complaint on behalf of investors who purchased Lumber Liquidators Holdings Inc (NYSE: LL) common shares between February 22, 2012 and July 9, 2014. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between (here the new class period February 22, 2012 and July 9, 2014.

August 18, 2014 - The defendants filed a motion to dismiss.

July 17, 2014 - The lead plaintiffs filed a second amended complaint.

May 14, 2014 - The lead plaintiffs and lead counsel were appointed.

January 27, 2014 - A lead plaintiff motion was filed.

January 24, 2014 - The plaintiff filed an amended complaint.

November 26, 2013 - An investor in shares of Lumber Liquidators Holdings Inc (NYSE: LL) filed a lawsuit in the U.S. District Court for the Eastern District of Virginia against Lumber Liquidators Holdings Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 22, 2012 and November 21, 2013.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired Lumber Liquidators Holdings Inc (NYSE: LL) between February 22, 2012 and November 21, 2013, that Lumber Liquidators Holdings Inc and certain of its officers and directors violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

More specifically, the plaintiff alleges that defendants made allegedly false and/or misleading statements and/or failed to disclose that certain of Lumber Liquidators Holdings Inc’s products failed to comply with applicable laws and regulations governing formaldehyde emissions from composite wood products, that Lumber Liquidators Holdings Inc imported flooring products sourced from illegally logged wood in the Russian Far East in violation of the Lacey Act, that as a result of the foregoing violations, Lumber Liquidators Holdings Inc faces the risk of large fines, penalties, forfeitures, judgments and/or settlements in connection with government regulatory actions and/or consumer class actions, and that as a result of the foregoing, Lumber Liquidators Holdings Inc's statements were materially false and misleading at all relevant times.

On June 20, 2013 a report alleged that Lumber Liquidators Holdings Inc was selling hardwood flooring (imported from China and sold in California) products containing illegal levels of formaldehyde -a known carcinogen.

Shares of Lumber Liquidators Holdings Inc (NYSE: LL) declined from $88.40 per share on June 18, 2013, to as low as $71.758 on June 24, 2013.

Then on September 27, 2013 Lumber Liquidators Holdings Inc commented on actions taken by Federal authorities, which relate to the importation of certain of Lumber Liquidators Holdings Inc's wood flooring products. Lumber Liquidators Holdings Inc said that on September 26, 2013, sealed search warrants were executed at Lumber Liquidators Holdings Inc’s corporate offices in Toano and Richmond, Virginia by the Department of Homeland Security's Immigration and Customs Enforcement and the U.S. Fish and Wildlife Service.

Shares of Lumber Liquidators Holdings Inc grew from $76.33 per share in June 2013 to as high as $119.44 per share on November 15, 2013.

Then on November 21, 2013, a well known hedge fund manager criticized Lumber Liquidators Holdings Inc for allegedly importing illegally sourced timber from Russia in direct violation of U.S. laws.

Lumber Liquidators Holdings Inc (NYSE: LL) shares declined from $117.63 per share on November 21, 2013, to $97.17 per share on November 25, 2013.