Thread: Legalize LA!

A big-time former employer of illegal aliens now has his business teetering on the edge of liquidation bankruptcy.

http://derailamnestydotcom.blogspot.com ... karma.html

"It honestly sounds like it couldn't happen to a nicer guy!"

Karma bites, don't it? The legalize la stunt of his backfired big time. I forbade my kids to buy ANY american apparel items after he pulled that crap. Wonder how many other Americans did the same? Hmmmm.

Originally Posted by miguelina

I forbade my kids to buy ANY american apparel items after he pulled that crap. Wonder how many other Americans did the same? Hmmmm.

Chapter 11 sounds pretty much like all of you did! "American Apparel!"
What a joke! Thank migelina!

Article from the above link-----


erailAmnesty.com

Reflections, opinions and observations (and even an occasional report!) about illegal immigration related topics.
Saturday, April 2, 2011
Legalize Karma


Dov Charney has done quite well for himself. He started American Apparel and began to make and sell clothing from his headquarters in downtown Los Angeles. He's made millions.



Dov Charney made a lot of that money with illegal alien workers. He wasn't embarrassed by it nor did he really attempt to deny it. In fact, it became a rallying point for him and his business. If the public complained of the education, medical and quality of life costs that come with large populations of illegal aliens, he often delivered members of his workforce at marches and protests. He produced thousands of "Legalize LA" shirts that became "must have" items for local amnesty advocates.

When Arizona attempted to protect its citizenry from climbing taxation costs, and a growing drug trade from Mexico, by enacting immigration enforcement laws, he was incensed and produced even more shirts that could be commonly seen on angry family members of illegal aliens


Well, that was then and this is now. Dov Charney and the management of American Apparel have other things to keep them occupied - Like trying to keep the doors open. American Apparel stock lost 23% of its value yesterday, after announcing that it may have to liquidate under Chapter 11 of the federal Bankruptcy Code. Apparently, the company recently experienced a fourth quarter loss in excess of 19 million dollars.

Charney has stated, in recent months, that the loss of 1500 workers that resulted from a government immigration audit of employees of his downtown L.A. facility, has negatively impacted his enterprise.

So, for those so inclined, buy those shirts while you can. They can probably be purchased at drastically discounted prices now, and will likely be collectors items in the near future.


Story about AA's financial woes : http://www.dailybulletin.com/ci_17756516

He's still getting away with m----- by going bankrupt on his creditors. What a sleaze!

Clothier losing shirt: American Apparel may face Chapter 11 or full liquidation

Staff and wire reports
Posted: 04/01/2011 10:31:23 PM PDT


Troubled clothing chain American Apparel Inc., losing money and faced with a cash crunch, says it may have to file for Chapter 11 bankruptcy protection.

The Los Angeles company warned in a filing with the Securities and Exchange Commission Thursday that it "may need to voluntarily seek protection under Chapter 11 of the U.S. Bankruptcy Code" if it can't improve its sales or cash position or find other sources of financing to keep it afloat.

American Apparel has Inland Empire stores at Rancho Cucamonga's Victoria Gardens and The Village in Claremont.

The retailer known for its sexually provocative advertising also indicated that even if it does file for bankruptcy, it may be forced to liquidate if it can't put together a reorganization plan or find bankruptcy financing.

The company's stock slid 22 cents, or 23.2 percent, to 74 cents in afternoon trading. Over the past year, the shares have traded between 66 cents and $3.62.

American Apparel has been plagued by both financial and image problems. On Friday, the company reported a fourth-quarter loss of $19.3 million, or 27 cents per share, compared with net income of $3 million, or 4 cents per share, a year ago.

Revenue for the three months ended Dec. 31 dropped 9 percent to $144 million from $158.1 million.

American Apparel's full-year results were also rough. The retailer posted a loss of $86.3 million, or $1.21 per share, compared with earnings of $1.1 million, or 1 cent per share, in the previous year. Annual revenue declined 5 percent to $533 million from $558.8 million.
The losses are only one facet of American Apparel's problems.

In October, the company amended a credit agreement with Lion Capital so it could get some breathing room on its financial performance. American Apparel received a temporary waiver on its credit agreement with Lion Capital and others in February as it tried to avoid defaulting on another agreement.

The retailer disclosed in its Thursday regulatory filing that Lion Capital's Lyndon Lea and Neil Richardson resigned from its board Wednesday. American Apparel said the resignations were made "to allow Lion flexibility in evaluating its options to optimize investment in American Apparel." The company said Lion would keep its right to re-designate board members "at the appropriate time in the future."

The retailer also managed to escape being delisted by the New York Stock Exchange Amex LLC in October after submitting a plan related to its financial filings.

In addition, a former worker sued founder, Chairman and CEO Dov Charney last month, alleging he sexually abused her. American Apparel has said that it expects the lawsuit will be tossed out because the former employee signed an agreement not to sue and to settle disputes in arbitration when she left the company.

The lawsuit is the latest in a string accusing Charney of inappropriate sexual conduct with female employees. In interviews, he has acknowledged having sexual relationships with female workers, but said they were consensual

http://www.dailybulletin.com/ci_17756516

Looks like God is punishing him for not REALLY caring about "made in America, by Americans."

N.Y. ICE had a pretty sustained campaign against AA for the past year or two. Good to know this idiot is finally getting his comeuppance.