Lumber Liquidators searched by feds

Federal authorities came to Lumber Liquidators' corporate offices in Toano and Richmond, Va., on Thursday with sealed search warrants related to questions over the importation of its wood flooring products.

The Department of Homeland Security's Immigration and Customs Enforcement, together with the U.S. Fish and Wildlife Service, were involved in the search, though no further information is being released at this time.

"The Company takes its sourcing and compliance very seriously, and is cooperating with authorities to provide them with requested information," read a statement released by Lumber Liquidators.

The company said that since it sources products from approximately 110 domestic and international mills around the world, it's subject to standard international and domestic regulations. Lumber Liquidators stressed its policies related to the sourcing, harvesting and manufacturing of its products, bolstered by more than 60 employees worldwide who monitor compliance with federal and other regulations.

Previously in June, Lumber Liquidators was under fire for an alleged formaldehyde violation. Seeking Alpha analyst Xuhua Zhou published a report detailing independent testing of its product samples, which revealed formaldehyde levels as high as three and a half times the legal cut-off. Some consumers also reported experiencing allergic symptoms after installing the flooring, including but not limited to headache, burning throat and skin rash.

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