Report: American Apparel founder could delay chain’s restructuring plan

Could American Apparel founder and ousted CEO Dov Charney thwart the chain’s Chapter 11 filing? "Any CEO who has built a company from scratch -- which has become a sizable globally known enterprise that is nearly synonymous with the CEO himself and his personality -- is going to be able to cause some sort of disruption in the bankruptcy court," said Matt Covington, a managing director at Conway MacKenzie, a financial consulting firm that specializes in bankruptcy transactions, in a report by the Los Angeles Times.