BALA CYNWYD, Pa. -- Law Office of Brodsky & Smith, LLC announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia on behalf of purchasers of Lumber Liquidators Holdings, Inc. ("Lumber Liquidators" or the "Company") (LL) common stock during the period between November 25, 2013 and July 9, 2014, inclusive (the "Class Period") and informs investors that they have until November 17, 2014 to seek appointment as lead plaintiff.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that quality control requirements implemented by Lumber Liquidators would negatively affect its extensive and diverse supplier network and negatively impact its revenue, earnings, or margins. According to the complaint, following the Company's July 9, 2014 announcement of poor financial results attributed to lower than planned inventory levels stemming from production delays as Lumber Liquidators enhanced its quality assurance requirements, the value of Lumber Liquidators shares declined significantly.
If you have suffered a loss from investment in Lumber Liquidators common stock purchased on or after November 25, 2013 and would like to learn more about the litigation and your ability to participate as a lead plaintiff, without cost or obligation to you please visit our website at http://brodsky-smith.com/826-ll-lumber-liquidators-holdings-inc.html. You may also request more information by contacting Brodsky-Smith by telephone at (877)534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome. Brodsky & Smith, LLC may not have filed a complaint.
SOURCE Brodsky & Smith, LLC
Have something to say? Share your thoughts with us in the comments below.