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

January 25, 2016 5:11 PM

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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.

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