American Apparel Faces Lawsuit, Layoffs
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Dov Charney, founder and former CEO of American Apparel, is suing his former business—which fired him in December—for $40 million in damages.
The figure includes $6 million in severance, $1.3 million in vacation time pay, $10 million for emotional distress and 13 million company shares (valued at more than $9 million), according to Bloomberg. He also wants to reclaim art that adorned his office walls.
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- Companies:
- American Apparel
- People:
- Dov Charney
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