01:02 PM EDT, 07/03/2024 (MT Newswires) -- LL Flooring Holdings ( LL ) is considering Chapter 11 bankruptcy to manage declining cash access and sales, Bloomberg reported Wednesday, citing people with knowledge of the matter.

LL did not immediately respond to a request for comment by MT Newswires.

Shares of the company dropped 21% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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