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American Apparel To Pay $4.8M To Exit Investor Suit

By Kira Lerner ( January 21, 2014, 5:14 PM EST) -- American Apparel Inc. on Friday agreed to pay $4.8 million to settle a class action in California federal court accusing the clothing retailer of lying to investors about the legal status of its immigrant employees, leading the company's stock to suffer following the workers' termination. ...

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