Lumber Liquidators shares are going nuts
Feb 1, 2016, 21:42 IST
Lumber Liquidators shares spiked by as much as 13% in trading on Monday following reports that a US judge accepted the company's plea agreement.
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Last October, the company pleaded guilty to the US Lacey Act, which prohibits trade on illegally sourced plant products.
The hardwood flooring retailer is expected to pay $10 million on charges related to how it sourced its timber.
Lumber Liquidators had also requested a five-year probation sentence under several conditions, including that it does not commit another crime in that period and creates an Environmental Compliance Plan.
Here's a look at the spike in shares, which had been halted for volatility: Google
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