Lumber Liquidators won a civil case, which had alleged the company for violating a state law in California that urges companies to report warnings regarding the possible harmful substances in their products.
Following CDC announement of the risk of carcinogen in its product, the company's stock plunged since last week. Lumber Liquidators is trying hard to win back trust from customers and investors.
Lumber Liquidators' shares dropped as a CDC health report elevated cancer risk factor in laminate flooring. The formaldehyde content increased the risk of cancer in certain flooring products.