Will ousted Dov Charney fight for control of American Apparel?

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Jul 2, 2014

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Will ousted Dov Charney fight for control of American Apparel?

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

FILE - In this Dec. 11, 2003 file photo, Dov Charney, senior partner of American Apparel, announces he will shutter his garment manufacturing plant that employs some 1,500 workers, in observance of a scheduled Dec. 12 economic strike by Latinos, at a rally at Los Angeles' downtown Plaza. The board of American Apparel voted to oust Charney as chairman and notified him of its intent to remove him as president and chief executive, the clothing chain said in a statement Wednesday night June 18, 2014. (AP Photo/Reed Saxon, File)

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

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.