Connect with us

Hi, what are you looking for?

Jewish Business News

Court

Charney sues American Apparel’s shareholder

dov-charney
Dov Charney, founder and ousted CEO of American Apparel Inc., has sued the New York private equity firm Standard General, the company’s Shareholder.

The lawsuit, filed Thursday in Los Angeles Superior Court, alleges defamation of character, false light and intentional interference with actual and prospective economic relations. He is seeking $30 million in damages. $10 million in general and compensatory damages, and $20 million in punitive damages.

Standard Master General Fund and Standard General Ltd. are also parties to the complaint.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Charney has been the subject of highly publicized claims that he misused corporate assets, abused his executive position and sexually harassed employees.

According to CourtHouseNews the spokesman for Standard General dismissed the claims, saying, “Dov Charney and his associates continue to file frivolous, meritless lawsuits at a breakneck pace. The facts speak for themselves, and we are confident that Mr. Charney will be held accountable for this knowing, intentional abuse of the legal system.”

An American Apparel spokeswoman responded also, saying, “These meritless claims serve as public relations opportunities now, but they will each will fail the test when put before a judge. We are confident we will succeed on every one of these in the proper venue.”

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...