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U.S. Securities and Exchange Commission
American Apparel reports bigger loss, SEC investigation
American Apparel reports bigger loss, SEC investigation

American Apparel Inc. reported a bigger loss in the fourth quarter, a sign of continued struggles at the retailer as its new chief executive leads a turnaround effort. The company also said Wednesday that the Securities and Exchange Commission is looking into issues that had come to light during the board's investigation into fired Chief Executive Dov Charney's conduct. Allegations included that Charney had misused company apartments and allowed a blogger to post nude photos of a woman who was suing American Apparel. Charney was fired in December after the investigation was completed. His lawyer, Patricia Glaser, has denied the allegations and accused the company of firing...

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