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Charney Launches New $100M Suit Against American Apparel

Law360, Los Angeles (June 24, 2015, 10:54 PM EDT) -- Ex-American Apparel Inc. CEO Dov Charney slapped his former company, hedge fund Standard General LP and others with a fresh suit seeking more than $100 million in California state court on Wednesday, adding to growing litigation between the clothier and its founder.

The new suit claims the company's former Chief Financial Officer John Luttrell made mistakes that put the company at risk and, looking for a graceful exit, he allegedly conspired with the board to diminish Charney's control so they could sell the company.

The ex-CEO,...
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