Charney "disappointed" by Judge's ruling in American Apparel bankruptcy

Dov Charney, the founder and former CEO of American Apparel said he was “disappointed” by a decision from a U.S. Judge Monday that rejected his takeover attempt and approved a bankruptcy exit plan from an investor group led by Monarch Alternative Capital. “While outside observers might not yet appreciate it, I believe the path being followed by the company's management is a road to ruin,” Charney said in a statement issued late Monday.

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