Charney loses bid to buy back American Apparel

The American Apparel factory headquarters is pictured in Los Angeles, California July 7, 2014. Investment firm Standard General LP said Monday it gained voting control of ousted American Apparel Inc Chief Executive Officer Dov Charney's shares in the firm and will back the retailer in its battle against bankruptcy. REUTERS/Jonathan Alcorn (UNITED STATES - Tags: BUSINESS) - RTR3XJU8
Dov Charney, the founder and former CEO of American Apparel, said he was “disappointed” by a decision from a U.S. Bankruptcy judge that rejected his bid to buy back the company he founded. Charney, in a January 25 statement, said ...

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