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Hedge Fund Seeks Toss Of Failed American Apparel Deal Suit

By Stewart Bishop (May 9, 2016, 7:28 PM EDT) -- Standard General LP on Monday asked a New York judge to quash a proposed shareholder class action claiming the hedge fund blocked a lucrative takeover bid for American Apparel to the detriment of investors prior to the retailer's descent into bankruptcy, saying the investors lack standing....

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