CDC reverses findings on Lumber Liquidators cancer risk

|About: Lumber Liquidators Holding... (LL)|By:, SA News Editor

Lumber Liquidators' (NYSE:LL) laminate flooring has been found to have a 3x higher risk of causing cancer than previously stated, according to the U.S. Centers for Disease Control and Prevention, reversing their own findings from earlier this month.

A report released Feb. 10 used incorrect ceiling heights, lowering the airborne concentration of formaldehyde that should have been examined, the agency said in a statement.

The estimated risk of tumors is six cases to 30 cases per 100K people, above the two to nine cases in the earlier report.

LL -19.5% premarket

Related: Blockbuster CDC Reversal Could Devastate Lumber Liquidators (Feb. 22 2016)