After American Apparel Founder Ouster, Firm Needs Cash – ValueWalk Premium
American Apparel

After American Apparel Founder Ouster, Firm Needs Cash

After American Apparel Inc (NYSEMKT:APP)’s June 18 termination of its founder, Dov Charney, in an issue related to “willful misconduct” which in part involves a sex harassment suit accusing Charney of making an employee his “sex slave,” the company has lost funding from a Charney supporter and is facing a cash crunch.

Lion Capital use removal of Charney by the American Apparel BoD as a clause
According to a report . . .


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