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Here’s Why Lumber Liquidators (LL) Stock is Surging Today

NEW YORK (TheStreet) -- Shares of Lumber Liquidators Holdings (LL - Get Report) are spiking by 13.88% to $14.60 on Tuesday morning, as the company won a tentative ruling dismissing claims that it did not sufficiently warn consumers about cancer-causing formaldehyde found in some of its laminate flooring, Bloomberg reported.

Yesterday's decision is a victory for the Toano, VA-based hardwood flooring retailer after its sales and market value dropped following a CBS "60 Minutes" report last year that said its China-made laminate flooring had high levels of formaldehyde.

If the decision by a state court judge in Oakland, CA becomes final, it will close a trial over whether Lumber Liquidators...


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