Shares of Lumber Liquidators jumped at Friday’s open after the company agreed not to resume sales of laminate flooring made in China. (Sales of the flooring ceased in May 2015.) As part of a broader recall program, Lumber Liquidators also agreed to continue to test Chinese-made laminate flooring in households and provide remediation if the flooring is found to emit elevated levels of formaldehyde, according to a statement released by the U.S. Consumer Product Safety Commission. The company has been a target of short-sellers, most famously Whitney Tilson, who shorted shares due partly to the levels of formaldehyde found in its flooring.
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