Labor/Employment
Jul. 6, 2011
American Apparel Says It Disclosed Risks
In American Apparel Inc.'s first response to an unusual securities lawsuit against it, the company's lawyers argue shareholders should have known about its risky hiring practices.
Daily Journal Staff Writer
LOS ANGELES - In American Apparel Inc.'s first official response to an unusual securities lawsuit against it that alleges immigration violations dragged down the company's stock price, its lawyers argue shareholders should have known about its risky hiring practices.
The response comes in a motion to dismiss the federal class action by shareholders who allege the hip clothing manufacturer sec...
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