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Corporate

Jul. 12, 2014

California lawyers counsel on American Apparel deal

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates represented the company in an agreement struck with its largest shareholders Wednesday.

By Dominic Fracassa
Daily Journal Staff Writer

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates represented American Apparel Inc. in an agreement the company struck with its largest shareholders Wednesday that will provide the company with a $25 million financial lifeline and remake its board of directors as it fends off creditors and deals with the bruising ouster of its founder and former CEO, Dov Charney, who is fighting his dismissal from the company following allega...

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