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Will ousted Dov Charney fight for control of American Apparel?

American Apparel-CEO

Reed Saxon/AP

Dov Charney, former head of American Apparel

Seems that Dov Charney, the former head of American Apparel, has a few more tricks up his sleeve.

Recently the company's board of directors voted to replace him, because of allegations of misconduct. Now representatives for Charney disclosed yesterday that he's spent more than $19 million to buy more shares in the company, almost doubling his share of the company. Industry insiders believe that he is gearing up for a fight for control of the company.

Matt Townsend is a reporter for Bloomberg and he's been writing about it, and we asked him about Charney and what he might be able to do.

 


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