Lumber Liquidators shares jump on deal to plead guilty to some federal charges

October 8, 2015 12:03 AM

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Lumber Liquidators shares jumped Wednesday after the flooring company pleaded guilty to federal charges stemming from a 2013 investigation of its imports of flooring products.

The agreement is not related to allegations that some Lumber Liquidators' Chinese-made laminate flooring may contain toxic formaldehyde, which was highlighted in a report on the CBS program "60 Minutes" earlier this year.

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