Lumber Liquidators Holdings Inc LL said Monday that "60 Minutes" used an improper test method in reporting that the company's flooring flunked formaldehyde emissions standards.
Shares had been halted for news, and resumed trading off more than 20 percent at $40.91.
Lumber Liquidators added that its "flooring is completely safe to use as intended" and that it's in compliance with all applicable state and federal regulations.
See Also: 8 Damning Quotes From '60 Minutes' Expose On Lumber Liquidators
The company said it supplied testing documentation to CBS that wasn't included in the "60 Minutes" report and added that its Chinese suppliers could not verify the identity of the individuals appearing in the CBS report who offered commentary.
Lumber Liquidators said the "attack" on its company "are driven by a small group of short-selling investors who are working together for the purpose of making money by lowering our stock price."
"Their motives and methods are wrong and we will fight these false attacks on all fronts," the company said.
Hedge fund manager Whitney Tilson, who appeared in the "60 Minutes" report, has been short on the company since at least October.
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