American Apparel Hopes To Decide Charney's Fate By Mid-August

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American Apparel Hopes To Decide Charney's Fate By Mid-August

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American Apparel Hopes To Decide Charney's Fate By Mid-August

by Wochit 0:46 mins

American Apparel Hopes To Decide Charney's Fate By Mid-August

by Wochit 0:46 mins

According to a source familiar with the situation, American Apparel Inc's founder should know in the next few weeks whether he may return as an employee of the company. The saga that began on June 18 when the retailer suspended its chief executive Dov Charney is drawing to a close, as FTI Consulting has nearly wrapped up its investigation into Charney's conduct. The board ousted Charney from the company for allegedly misusing corporate funds and helping to spread nude photos of a former employee on the Internet. The source said, "The company, Standard General and Dov are all eager to get Dov's situation resolved by the middle of August, if not sooner."

Wochit

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