November 08, 2016
A Delaware bankruptcy judge on Tuesday ordered retailer American Apparel to make an overdue payment to a litigation trust created under its confirmed Chapter 11 reorganization plan and to remit fee claims from its financial advisers.
November 01, 2016
The litigation trustee in American Apparel Inc.'s bankruptcy has accused the retailer of disregarding its own reorganization plan by missing a payment to unsecured creditors, asking a Delaware federal judge to transfer disbursing power before the company possibly files for Chapter 11 again.
June 17, 2016
Reorganized American Apparel told the Delaware bankruptcy court late Thursday that it wants to try to resolve many claims from former employees and ex-CEO Dov Charney in confidential arbitration proceedings to avoid “damaging press coverage” it fears will hurt its post-Chapter 11 turnaround efforts.
February 04, 2016
Ousted American Apparel CEO Dov Charney and other former workers at the reorganizing retailer asked a Delaware bankruptcy judge Wednesday to lift a stay barring them from pursuing employment-related and other claims in Los Angeles, California, superior court, arguing that the company's insurance fund would bear any resulting liability.
January 25, 2016
A Delaware bankruptcy judge agreed Monday to confirm American Apparel's Chapter 11 plan that hands control of the company to bondholders, rejecting an alternative takeover bid proposed by ousted CEO Dov Charney and backed by investment firm the Hagan Capital Group and Silver Creek Capital Partners.
January 21, 2016
American Apparel's ousted CEO Dov Charney tried from the witness stand to convince a Delaware bankruptcy judge Thursday that he is the best person to skipper the clothing retailer to a prosperous future, but said his former company is not taking his alternative to its Chapter 11 plan seriously.
January 20, 2016
American Apparel began its final push Wednesday to see its Chapter 11 plan, designed to slash roughly $200 million in debt, confirmed against opposition from ousted CEO Dov Charney, who argues he's found backing for a better deal, but his former company refuses to entertain it.
January 15, 2016
American Apparel Inc. on Friday accused its former CEO Dov Charney of attempting to submarine the company's financial restructuring and said in a Delaware court filing that the retailer's controversial founder may have improperly solicited creditors to back a rival takeover bid.
January 14, 2016
Dov Charney, the former American Apparel chief executive who was terminated for alleged misconduct, will be allowed to testify next week at a trial over the retailer's financial restructuring plan, according to a letter filed Thursday by a Delaware bankruptcy judge.
January 11, 2016
American Apparel Inc. on Monday said that its financial stakeholders have put their support behind the company's restructuring plan, days after the retailer's ousted Chief Executive Dov Charney backed a $200 million takeover bid.