NEW YORK, Oct. 21, 2014 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Eastern District of
Virginia on behalf of investors
who purchased Lumber Liquidators Holdings, Inc. ("Lumber
Liquidators" or the "Company") (NYSE: LL) common stock between
November 25, 2013 and July 9, 2014.
For more information, click here:
http://zlk.9nl.com/lumber-liquidators-ll/.
The complaint alleges that the Company violated federal
securities laws by failing to disclose that quality control
requirements implemented by Lumber Liquidators would negatively
affect its supplier network and its revenue, earnings, or
margins.
On July 9, 2014 Lumber Liquidators
lowered its previous 2014 financial guidance and disclosed that
"lower than planned inventory levels reduced our ability to convert
customer interest into invoiced sales," which the Company
attributed to "production delays in meeting our open orders as we
continued to enhance our quality assurance requirements." In
addition, the Company announced an expected contraction in second
quarter gross margin, primarily the result of greater retail
discounting.
If you suffered a loss in Lumber Liquidators you have until
November 17, 2014 to request that the
Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/lumber-liquidators-ll/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP