Toano-based Lumber Liquidators Holdings Inc. surged after the U.S. Consumer Product Safety Commission ended a probe of formaldehyde in the company’s flooring without issuing a product recall.
The agency called for corrective measures that Lumber Liquidators has largely undertaken already, according to a statement. The company agreed to not sell laminate flooring made in China — which it stopped offering more than a year ago — and will continue testing the homes of customers who purchased the product.
The Safety Commission uses recalls to get faulty products off the market, but didn’t take that step in this case. The regulator’s examination of the product didn’t find unsafe levels of formaldehyde, backing up the results of a testing program the company instituted last year.
