Ousted American Apparel CEO fights to get job back

NEW YORK, June 25 : The ousted founder of US fashion label American Apparel, Dov Charney, is fighting to get back his job as chief executive, and as the company's stock price continues to plunge. American Apparel shares fell another 21.35 per cent to 53 cents Tuesday on Wall Street, making for a market capitalization of just 91.69 million dollars. In the company's heyday the shares had been worth as much as 15 dollars. Charney was suspended with immediate effect last week by the board of directors and will go within a month. Charney, who was known for sometimes walking around his factories in his underpants, has been accused of sexual harassment by several of his own employees. The board said he was being let go as part of a probe into his conduct.    — AFP