Judge to rule Monday on American Apparel bankruptcy exit plan

January 21, 2016 10:34 PM

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WILMINGTON, Del. Jan 21 A U.S. judge will rule on Monday on a plan to bring teen retailer American Apparel out of bankruptcy under the control of hedge funds or give former chief executive Dov Charney a chance to finance a competing plan.

American Apparel Inc filed for bankruptcy in October and last month Charney and two investment funds presented a competing takeover plan that was rejected by the company's board.

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