Avant-garde T-shirt manufacturer American Apparel filed for bankruptcy Monday, tapping Jones Day to steer its corporate reorganization amid a spate of litigation over the 2014 ouster of company founder and former CEO Dov Charney.
The troubled retailer’s debts include at least $5.9 million in legal fees owed to Skadden, Arps, Slate, Meagher & Flom, White & Case and Paul Hastings, among others, according to documents filed in American Apparel’s Chapter 11 case in Delaware. The debtor lists about $199 million in assets against more than $397 million in liabilities.
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