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Yesterday's Other American Apparel Story

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Yesterday was a big day for American Apparel. In the morning, they settled a lawsuit with Woody Allen to the tune of $5 million. Then, while the media was distracted with the (relatively) sexier lawsuit story, they quietly released the news of a $9 million first-quarter loss. Conspiracy theorists will, we're sure, have some opinions about the timing of those two events. [LA Business Journal; Previously]