An investigation on behalf of current long term investors in Lumber Liquidators Holdings Inc (NYSE:LL) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:LL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 10/15/2014 -- An investigation on behalf of current long-term investors in shares of Lumber Liquidators Holdings Inc (NYSE:LL) concerning potential breaches of fiduciary duties by certain directors and officers of Lumber Liquidators Holdings Inc (NYSE:LL) was announced.
Investors who are current long term investors in Lumber Liquidators Holdings Inc (NYSE:LL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:LL stocks follows a lawsuit filed recently against Lumber Liquidators Holdings Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:LL stocks, concerns whether certain Lumber Liquidators Holdings officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of Virginia the plaintiff alleges that Defendants allegedly misrepresented that quality control requirements implemented by Lumber Liquidators Holdings Inc would neither affect its extensive and diverse supplier network, nor impact its revenue, earnings, or margins, that Lumber Liquidators Holdings Inc allegedly continually touted that it would continue to experience revenue and earnings growth and margin expansion, and that as a result of these alleged misrepresentations, Lumber Liquidators Holdings Inc stock traded at artificially inflated prices between November 25, 2013 and July 9, 2014.
On July 9, 2014, Lumber Liquidators Holdings Inc provided its second quarter 2014 business update and revies its outlook for the fully year 2014. Shares of Lumber Liquidators Holdings Inc dropped from $69.90 per share on July 9, 2014, to $54.31 per share during July 10, 2014, respectively $52.77 per share on October 9, 2014.
On October 13, 2014, NYSE:LL shares closed at $54.44 per share.
Those who purchased shares of Lumber Liquidators Holdings Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com