American Apparel’s Founder Dov Charney Loses Court Bid to Return

Dov Charney, the ousted founder of American Apparel, on Monday lost an 11th-hour bid to return to the troubled retailer, clearing the way for the company to exit from bankruptcy as early as next week. Judge Brendan L. Shannon of the Bankruptcy Court in Delaware gave his blessings to a plan backed by a majority of the company’s creditors that would cut about $200 million in debt.