April 29, 2015
A California federal judge on Tuesday dismissed shareholder derivative claims accusing American Apparel Inc. directors of turning a blind eye to founder and former CEO Dov Charney's alleged history of sexual harassment and financial mismanagement, ruling the complaint did not clear the bar for showing potential liability set out by a company provision.
April 08, 2015
American Apparel Inc. shareholders doubled down Tuesday on their bid to bring a regulatory investigation and interview with its CEO deriding Dov Charney into litigation in California over the retailer's handling of its controversial founder, saying the interview is "damning" evidence against the board.
April 06, 2015
A group of current and former American Apparel Inc. board members on Friday fought a bid to bring a U.S. Securities and Exchange Commission investigation into shareholder litigation in California over the company's handling of controversial founder Dov Charney, saying the probe has nothing to do with the plaintiffs' claims.
March 24, 2015
American Apparel Inc. and its fired CEO Dov Charney on Monday urged a California federal judge to toss derivative row brought by shareholders accusing the retailer's executives of turning a "blind eye" to Charney's misconduct, arguing the plaintiffs lack standing to bring the suit on behalf of the company.
February 23, 2015
Shareholders in American Apparel Inc. who brought a derivative suit over fired CEO Dov Charney's oversight of the clothing retailer defended their claims, saying Monday the company's top brass turned a "blind eye," and perhaps facilitated, Charney's sexual harassment and financial mismanagement.
December 23, 2014
Attorneys representing ousted American Apparel Inc. CEO Dov Charney moved Tuesday to dismiss shareholder lawsuits arising from his oversight of the clothing retailer, suggesting plaintiffs' attempts to dredge up sexual assault allegations are a veiled bid to extract money from the company.
July 07, 2014
Ousted American Apparel Inc. CEO Dov Charney and the clothing retailer's directors were hit with a shareholder derivative suit Monday alleging Charney's purported misconduct and mismanagement and a lack of oversight by the other directors damaged the company's operations and financial condition.