Lumber Liquidators Expects DOJ Criminal Charges to Cost it $10M

Lumber Liquidators says it will probably lose $10 million on criminal charges filed against it by the Department of Justice regarding the safety of some of its wood-flooring products. Investors may beg to differ. On a conference call with analysts on Wednesday, Lumber Liquidators indicated that customer testing and the legal and professional fees associated with the Chinese-made wood-flooring issues highlighted in a "60 Minutes" report last month have already cost the company more than $5.5 million, on top of the $10 million it set aside for the government's criminal investigation.