Lumber Liquidators Import Probe Follows Gibson Guitar

Although details were initially sketchy, Lumber Liquidators' (LL) stock price plunged as much as 10% early Friday after a reported raid by federal investigators on its headquarters related to a probe of illegal imports.

In a statement, the top flooring retailer with more than 300 stores nationwide, said it would provide to investigators information and documents related to the import of certain products.

The Department of Homeland Security, along with the U.S. Fish and Wildlife Service and Department of Justice conducted the raid, acting under a sealed court-issued warrant.

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