Thread regarding Lumber Liquidators Inc. layoffs

Lumber Liquidators pleads guilty to environmental crimes

The Associated Press reported, 10/25/15, that Lumber Liquidators had pleaded guilty to 4 misdemeanors and 1 felony crime for illegally importing hardwood flooring made of lumber logged from Siberian habitat reserved for the world's last Siberian tigers and Amur leopards. It paid a fine of $13.2 million, which effectively ends the the federal investigation. I expect that Lumber Liquidator will manage to pay down its fine by shifting the cost to innocent parties, e.g., laying off workers,and raising prices on customers. Also, I expect that the individuals (those actually responsible for committing the crimes) will get off scot-free. Any bets?

Watch for layoff at Lumber Liquidators.

P.S. The term "scot-free" is actually NOT an ethnic slur. See: http://blog.oxforddictionaries.com/2015/04/scot-free-origin/ . Have a good day. MH

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