- A U.S. judge will decide on Monday whether retailer American Apparel (OTCPK:APPCQ) can exit bankruptcy under the control of hedge funds or give former chief executive Dov Charney a chance to finance a competing plan.
- American Apparel filed for bankruptcy in October and last month Charney and two investment funds presented a $300M takeover plan that was recently rejected by the company's board.
- Previously: Bloomberg: American Apparel rejects takeover bid (Jan. 15 2016)
- Previously: CNBC: Fresh bid for American Apparel (Jan. 11 2016)