Lumber Liquidators Holdings, Inc. (LL)

[chaostrader]

Hedge fund manager Whitney Tilson on Thursday released a letter detailing his thoughts on the resignation of Lumber Liquidators Holdings Inc (NYSE: LL)'s CEO Robert Lynch.

Tilson is the founder of Kase Capital and holds a short position in Lumber Liquidators. His short position is based on his well-communicated view that the company has been knowingly endangering its customers with toxic, formaldehyde-drenched laminate flooring.

"The announcement this morning that Robert Lynch is resigning as Lumber Liquidators' President, CEO and board member was not only a surprise to the company, but to me as well," Tilson wrote. "In fact, in light of the company's circle-the-wagons, deny-and-attack approach since the 60 Minutes story aired on March first, I'm shocked by this announcement because it undermines all of the company's denials since the 60 Minutes story aired."