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NY Post Reports Dov Charney will Attempt to Take Back Reins of American Apparel

By Insider Scoop
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Courtesy of Benzinga.

According to the NY Post, Dov Charney, ousted by the American Apparel (NYSE: APP) Board as CEO on Wednesday, is seeking shareholder support and additional board seats, in an attempt to gain a majority. According to sources, Charney could attempt to increase the number of directors to 13, with the help of shareholders Lion Capital and FiveT Capital.

View full article http://nypost.com/2014/06/19/toppled-american-apparel-ceo-plots-to-retak…

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Posted-In: NY PostNews Rumors Management M&A

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