American Apparel Under Regulator Scrutiny for Possible Violations The investigation is looking into a potential legal violation related to Dov Charney, the company's founder and former chief executive officer.

By Reuters Mar 26, 2015

This story originally appeared on Reuters

American Apparel Inc said in a filing on Wednesday that the U.S. Securities and Exchange Commission has ordered an investigation into a potential legal violation related to Dov Charney, the company's former chief executive officer.

The filing said the "investigation is a non-public, fact-finding inquiry" into "matters arising from the (company board)Suitability Committee's review relating to Mr. Charney," in reference to the process that formalized Charney's firing in Dec. 2014.

The fashion retailer said it intends to cooperate fully with the regulator in its investigation.

(Reporting By Jeffrey Dastin in New York; Editing by Alan Crosby)

Reuters

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Business News

Saying 'Please' and 'Thank You' to ChatGPT Costs OpenAI 'Tens of Millions of Dollars'

It's more environmentally friendly (and cost-efficient) to skip the niceties.

By Sherin Shibu

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel

Side Hustle

This 17-Year-Old High School Student Has a $20,000-a-Month Side Hustle — and It All Started With a Skill He Learned in Class

Michael Satterlee is a full-time student and the founder of Solefully.

By Amanda Breen

Business News

'Over 1,000 Good-Paying Jobs': Chobani Is Building the Biggest Dairy Factory in the U.S.

The $1.2 billion facility will be built in upstate New York.

By Sherin Shibu

Marketing

Word-of-Mouth Alone Can Double Your Revenue Growth — Here's How to Turn Your Customers Into Brand Advocates

Customer experience isn't just about feedback — it's your biggest growth lever in 2025. Discover how turning customers into advocates can double revenue growth, boost conversions and maximize customer lifetime value.

By Phil Prosser

Franchise

Angry Crab Shack Franchises Deliver Impressive Returns and Rapid Payback

The brand's smart real estate strategy focuses on converting second-generation restaurant spaces, keeping build-out costs low and minimizing overhead.

By Matthew Goldstein