WILMINGTON, Del.—Former American Apparel CEO Dov Charney returns to the Delaware Court of Chancery in rebuttal to a lawsuit by Standard General. The lawsuit filed by the hedge fund firm accuses Charney of breach of contract.
In a courtroom update by Women’s Wear Daily (WWD), Charney’s Wednesday, June 22 filing claims that Standard General “acted in bad faith” in the interests of both the former CEO and American Apparel.
The dispute between Standard General and Charney dates back to late 2015 when the hedge fund firm launched their initial lawsuit against the embattled former American Apparel leader. Standard General alleges Charney was non-cooperative in their efforts to help regain his position with American Apparel, and that he failed to meet financial agreements contained within the two parties’ contract. Charney is currently representing himself in court against Standard General.
To see the original court report from Women’s Wear Daily, visit: http://bit.ly/28PPxQm