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American Apparel Defaulted After CEO Ouster, PE Firm Says

By Zachary Zagger ( July 11, 2014, 5:31 PM EDT) -- Private equity firm Lion Capital Inc. is demanding immediate repayment of nearly $10 million in loans from American Apparel Inc. following the beleaguered clothing retailer's recent ouster of its founder Dov Charney, according to documents filed in a New York court Friday....

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