Prepare for fight over Charney’s removal at American Apparel

Charney believes the termination is without merit and intends to contest it vigorously, and some shareholders appear to support him

American Apparel may see a fight among shareholders over the removal of Dov Charney as chairman and his planned removal as the company’s CEO.

An unknown number of stockholders approached Charney after his removal by the board and “expressed support for his continued leadership,” according to a recent company filing with the Securities and Exchange Commission (SEC). The day after he was removed, Charney “began to discuss with the Supporters potential changes to the composition of the Board and management,” the filing added.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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