Ex-CEO of American Apparel says won't appeal judge's ruling

January 25, 2016 5:11 PM

26 0

WILMINGTON, Del Jan 25 Dov Charney, the ousted chief executive and founder of American Apparel Inc, said on Monday he does not have the financing to appeal a U.S. judge's ruling that clears the way for the company to exit bankruptcy under control of bondholders.

Charney had challenged that plan with his own proposed takeover, but a U.S. bankruptcy judge ruled against Charney in favor of American Apparel's plan.

Also read: Energy, a Bright Spot in Nafta Talks, Bogged Down by Dispute Over Rule Change

Read more

To category page