By  on July 3, 2014

FiveT Capital decided not to stay around for the fight over American Apparel Inc.


The Zurich-based investor sold off 14.9 million shares of the company last month for $10.1 million, according to a regulatory filing today. Most of the stock sales occurred after the company ousted founder Dov Charney as president, chief executive officer and chairman, for alleged misconduct.

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