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Lumber Liquidators shares are getting smoked after a report aired on "60 Minutes" Sunday night that showed major issues at some of the company's factories in China. Near 11:15 a.m. ET on Monday, shares of the company were down more than 22%. In premarket trade Monday, shares of Lumber Liquidators — North America's largest specialty retailer of hardwood floor — were down as much as 24%. At the opening bell on Monday, shares of the company were halted, news pending. Just after 11:00 a.m. ET, the company released a statement regarding the "60 Minutes" report, saying the newsmagazine used an...

Candidate for governor Charlie Crist was disinvited from a high-profile fundraiser starring former President Bill Clinton in Miami Beach Tuesday evening after Crist’s Democratic primary opponent Nan Rich ran into Hillary Clinton in Washington, Gossip Extra has learned. The $25,000-party at the Palm Island home of Lumber Liquidators founder Tom Sullivan was officially a fundraiser for the Democratic Governors Association, an organization that supports Crist.

Federal investigators raided the offices of Lumber Liquidators on Thursday, the company and authorities said. Stocks of the hardwood flooring retailer fell sharply on Friday as the news emerged, dropping just over 10% at midday. No arrests were made and the search warrants remain sealed, said Brandon Montgomery, a spokesman for the Department of Homeland Security. He said the search involved special agents from the Immigrations and Customs Enforcement, U.S. Fish and Wildlife Service and the Department of Justice. Lumber Liquidators (LL) suggested the investigation involved its importation of wood products, which come from "approximately 110 domestic and international mills...

Although details were initially sketchy, Lumber Liquidators' (LL) stock price plunged as much as 10% early Friday after a reported raid by federal investigators on its headquarters related to a probe of illegal imports. In a statement, the top flooring retailer with more than 300 stores nationwide, said it would provide to investigators information and documents related to the import of certain products. The Department of Homeland Security, along with the U.S. Fish and Wildlife Service and Department of Justice conducted the raid, acting under a sealed court-issued warrant.

Thursday, Federal agents raided Lumber Liquidators. Lumber Liquidators advertises heavily on The Rush Limbaugh Show and even put in the flooring for one of Rush’s studios. The Richmond Times-Dispatch reports: "Agents from the Department of Homeland Security’s Immigration and Customs Enforcement, the U.S. Fish and Wildlife Service and the Department of Justice executed the search warrant at the company’s headquarters and plant near Williamsburg, said Brandon Montgomery, a spokesman for the Department of Homeland Security." The reason for the raid? Suspicion of using Mongolian Wood. Mongolian wood, apparently, is an imminent threat to Homeland Security.