Lumber Liquidators is striking back against Sunday’s “60 Minutes” report claiming the company is selling potentially toxic laminate flooring.
“The Toano, Va., company asserted that the doubts being raised by its products are being fueled by ‘short sellers’ — investors that make money by placing bets that specific stocks will drop in value,” ABC News reports.
Since Sunday’s report, the company’s shares have dropped to their lowest level since July 2012.
“We stand by every single plank of wood and laminate we sell all around the country,” Lumber Liquidators said in its SEC filing Monday.