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APP Winddown, LLC, et al.

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Case overview

Case Number:

1:15-bk-12055

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 08, 2016

    Ex-American Apparel CEO Charney Backs $200M Takeover Bid

    American Apparel has received a takeover bid of more than $200 million from two investment firms that are working with the retailer's ousted chief executive Dov Charney, who would be given a senior position with the reorganized company if the bid is successful, people familiar with the situation told Law360 on Friday.

  2. January 07, 2016

    IRS, Texas Taxmen Oppose American Apparel Ch. 11 Plan

    The IRS and two Texas tax collectors have filed objections to retailer American Apparel's Chapter 11 reorganization plan, saying the plan lacks provisions for interest on overdue taxes and wrongly prevents the revenue collectors from offsetting tax debts with refunds.

  3. November 19, 2015

    American Apparel Allowed To Poll Creditors On Ch. 11 Plan

    A Delaware bankruptcy judge gave American Apparel the go-ahead Thursday to solicit creditors on its Chapter 11 plan despite protests from ousted CEO Dov Charney that the disclosure statement contains "inflammatory" language about him that could scare away investors if he decided to raise money to buy the company.

  4. November 17, 2015

    American Apparel Calls Creditors' Woes 'Manufactured'

    American Apparel Inc. hit back Monday at creditors' objections to the purportedly insufficient disclosures it made to support its proposed reorganization plan, saying those "manufactured controversies" could have been avoided if the creditors had directly voiced their concerns to the beleaguered clothing retailer.

  5. November 13, 2015

    American Apparel Creditors Say Disclosure Ignores CEO Suits

    American Apparel's official committee of unsecured creditors on Thursday railed against the retailer's disclosure statement regarding its reorganization plan, telling a bankruptcy court it contains no information on pending litigation against former CEO Dov Charney, among other shortcomings.

  6. November 05, 2015

    Dov Charney Says Attys Withdrew In Standard General Row

    Former American Apparel CEO Dov Charney asked the Delaware Chancery Court on Thursday for time to raise the funds to mount his defense in Standard General LP's contract lawsuit, saying he'd depleted his savings and been dropped by his attorneys at Cross & Simon LLC.

  7. November 02, 2015

    American Apparel Gets Final OK For $90M Bankruptcy Loan

    A Delaware bankruptcy judge gave American Apparel the final thumbs-up Monday on its $90 million post-petition financing package after the reorganizing clothing retailer came to terms with its newly minted unsecured creditors committee and said it is hoping to begin a Chapter 11 exit bid in January.

  8. October 30, 2015

    American Apparel Asks Bankruptcy Court To OK Staff Bonuses

    Hoping to stem the tide of employees jumping ship since it filed for bankruptcy this month, American Apparel asked the Delaware bankruptcy court Friday to approve retention bonuses for staff members it says are critical to the company's operations and reorganization. 

  9. October 16, 2015

    American Apparel Optimistic About Post-Bankruptcy Fate

    American Apparel is projecting that it will return to profitability in 2018 if its court-supervised restructuring in Delaware is completed as planned, but the retailer raised concern Thursday that ex-CEO Dov Charney may undermine the company's turnaround efforts after it emerges from Chapter 11.

  10. October 09, 2015

    American Apparel Lender Thinks Ex-CEO Might Disrupt Ch. 11

    American Apparel creditor Standard General LP told a Delaware Chancery judge Friday that it is "concerned" the bankrupt retailer's former CEO Dov Charney could try to disrupt its reorganization, and urged the court to move ahead in the contract dispute between the hedge fund and the debtor's ex-chief.