Lumber Liquidators Holdings Inc (LL) Stock Price Jumps After Settling With Federal Prosecutors Over Wood Conservation Issue

Shares in Lumber Liquidators Holdings Inc. (NYSE:LL) rocketed nearly 12 percent in after-hours trading Wednesday, after North America's largest seller of wood flooring settled with federal prosecutors over the importation of illegally harvested wood from Eastern Russia. The company still faces a raft of lawsuits over the sale of laminate flooring products imported from China that contain high levels of formaldehyde.