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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:23 EDTAPPAmerican Apparel CEO issues deeper than headline-making antics, WSJ says
Allegations of sexual antics from American Apparel CEO Dov Charney have commanded the headlines, but his ouster is predicated on issues he contributed to that saw the business fall into "almost complete disarray" and lurch "from one crisis to another," said The Wall Street Journal, citing people familiar with the situation. Among the "several bottlenecks that plagued the fashion chain" were issues that started after Charney began signing all of the company's checks early this year, according to the report. Reference Link
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June 23, 2015
07:17 EDTAPPAmerican Apparel unveils Dov Charney’s “sordid” behavior, NY Post reports
American Apparel disclosed “sordid details” of the investigation into founder and former CEO Dov Charney, who recently filed a defamation suit against the company, that resulted in his firing, the New York Post reports, citing a court filing. The filing says that the company found “voluminous evidence” that Charney had “sexual liaisons” with employees and models, exchanged pornographic emails and text messages, and took videos and photographs of these encounters using company property, the report says. Reference Link
June 22, 2015
09:08 EDTAPPAmerican Apparel sued by former CEO Charney, LA Times reports
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June 19, 2015
07:38 EDTAPPAmerican Apparel to host next shareholder meeting in Chicago, NY Post reports
American Apparel will host its next shareholder meeting in Chicago, Illinois for the first time, the New York Post reported yesterday. The company had held its meetings in either Los Angeles or New York for the past nine years and is moving this year's meeting to Chicago to avoid causing a “big commotion” and a lot of media coverage, the report says, citing comments from Michael Bigger of Bigger Capital Fund. Reference Link

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