LL Flooring files for bankruptcy, to close 94 stores

LL Flooring, a specialty flooring company formerly known as Lumber Liquidators, is holding closing sales at 94 retail locations across the U.S. after it filed Sunday for Chapter 11 bankruptcy in Delaware. The company is currently in negotiations with multiple parties to sell its business, LL Flooring said in the statement. While operating under the Lumber Liquidators brand name, the company was in the spotlight after a "60 Minutes" report found some its flooring contained dangerous levels of formaldehyde. In 2019, it agreed to pay $33 million in fines for misleading investors about levels of the chemical ...