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Dallas-based University Furnishings to pay $15M over imports

Dallas-based University Furnishings to pay $15M to settle lawsuit over import penalties

Dallas-based University Furnishings to pay $15M over imports

DALLAS (AP) -- University Furnishings LP and its partner, Freedom Furniture Group Inc., have agreed to pay $15 million to settle a dispute over duties on imports.

The Department of Justice announced the agreement Monday. University Furnishings sells items for student housing.

Dallas-based University Furnishings faced allegations that it made false statements to avoid paying duties on wooden bedroom furniture imported from China. The shipments were from 2009 to mid-2012.

Investigators say University Furnishings classified the cargo as office or similar items not subject to duties, when the pieces were actually furniture for dormitory rooms.

A competitor, University Loft Company of Greenfield, Indiana, raised allegations of wrongdoing. University Loft will receive more than $2.2 million as its share of the settlement.

The agreement resolves the allegations and does not determine liability.


Updated : 2020-12-05 05:27 GMT+08:00