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



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

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.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast