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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:26 EDTAPPLion Capital demands repayment of $10M loan from American Apparel, NY Times says
Lioin Capital has demanded immediate repayment of a $10M loan it made to American Apparel after negotiations over new terms failed, reports the New York Times, citing a person with knowledge of the situation. A potential new benefactor, Standard General, is considering making the repayment on the behalf of the company, but it is unclear if American Apparel would pay back the loan some other way. Reference Link
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April 16, 2015
11:52 EDTAPPAmerican Apparel factory workers file new complaints to Labor Board, WWD reports
American Apparel factory workers may be close to formally organizing after four new grievances filed with the National Labor Relations Board, reports WWD. The complaints all cite varying violations of the National Labor Relations Act, alleging that American Apparel interfered with workers' rights to talk with union organizers. Reference Link

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