NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces it is investigating potential securities claims on behalf of shareholders of Lumber Liquidators Holdings, Inc. (NYSE:LL) resulting from allegations that Lumber Liquidators may have issued materially misleading business information to the investing public.
On February 25, 2015, Lumber Liquidators announced disappointing financial results for the fourth quarter of 2014, which fell short of its previously issued guidance for net sales and earnings per diluted share. Lumber Liquidators also disclosed that the U.S. Department of Justice may file criminal charges stemming from an inquiry that began in 2013 for a violation of import laws and the Company expects to be charged with a misdemeanor or felony in connection with the case. On this news, shares of Lumber Liquidators fell $18.15 per share or over 26% to close at $50.63 per share on February 25, 2015, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Lumber Liquidators investors. If you purchased Lumber Liquidators between July 10, 2014 and February 24, 2015, please visit the website at http://rosenlegal.com/cases-519.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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