Filed Under:Claims, Investigative & Forensics

Lumber Liquidators flooring has higher cancer risk, CDC says

The crux of the allegations was that Lumber Liquidators sold laminate flooring with levels of formaldehyde above regulations in California. (Photo: Dwight Burdette/  Wikipedia)
The crux of the allegations was that Lumber Liquidators sold laminate flooring with levels of formaldehyde above regulations in California. (Photo: Dwight Burdette/ Wikipedia)

(Bloomberg) -- Lumber Liquidators Holdings Inc. flooring, tested for formaldehyde, was found to have a three times higher risk of causing cancer than previously stated, U.S. regulators said in reversing their own finding from earlier this month.

A report released Feb. 10 used incorrect ceiling heights, lowering by about three times the airborne concentration that should have been examined and reducing the danger, the U.S. Centers for Disease Control and Prevention said in a statement on its website. The estimated risk of tumors is six cases to 30 cases per 100,000 people, the CDC said, above the two to nine cases in the earlier report.

Related: Home remodeling time: 9 things to know about insurance coverage

Lumber Liquidators tumbled 19% to $11.51 at 7:13 a.m. in early trading in New York on Monday. The shares already had plummeted more than 70% since the March airing of a “60 Minutes” story that alleged Lumber Liquidators flooring had potentially dangerous levels of formaldehyde.

The crux of the allegations was that Lumber Liquidators sold laminate flooring with levels of formaldehyde above regulations in California, which has the strictest standards in the country. After the “60 Minutes” story, the company raised doubts about the testing that the show had used, saying it wasn’t measuring the amount of formaldehyde that may be released in a person’s home.

Lumber Liquidators didn’t immediately return a phone message or e-mail left outside regular business hours.

Formaldehyde is a naturally-occurring colorless, flammable chemical used to make certain building materials and household products that’s toxic to animals, including humans. People with breathing conditions including asthma and bronchitis are especially sensitive to formaldehyde exposure.

Related: Home renovations gone wrong: Here are 9 key safety tips to remember this spring

Join us on Facebook and give us a Like! 

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Drowsy-driving dangers

Nearly 83.6 million sleep-deprived Americans are driving every day. And it’s taking a toll — an estimated 5,000 lives were lost in drowsy driving-related crashes in 2015.

Top Story

15 new vehicles you should avoid

Despite the recent spate of recalls in the auto industry, finding catastrophic fault with today’s new cars is rather difficult.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.