The hedge fund Standard General has sued American Apparel’s ousted chief executive Dov Charney for the first time, the latest move in a legal saga that began after he was fired in December.
American Apparel suspended Mr. Charney six months before firing him, accusing him of misuse of company funds and a failure to stop a subordinate from posting false blog entries about former employees. The lawsuit says that Mr. Charney has yet to fulfill promises made to the hedge fund. The case stem...
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