(MENAFN- ProactiveInvestors)Shares of American retailer of hardwood flooring group Lumber Liquidators (NYSE:LL) bounced on Monday after news the company had weathered a fine for importing illegal wood. At one point the shares soared by nearly 15% to US$14.84 but since have reclined to stand 3.25% higher or 42 cents at US$13.34. Lumber has to pay US$13.2 mln in fines and forfeitures for violations of the Lacey Act which includes importing illegal wood and submitting false declarations according to the Environmental Investigation Agency but the magnitude of the fines was already known in October when Lumber pleaded guilty.
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