AMERICAN APPAREL NOTICE: American Apparel Inc. said Monday it received a letter from the NYSE AMEX that the retailer was in danger of being delisted because of the late filing of its second-quarter results. The company, which said last week it might not be able to continue as a going concern, trades on the American Stock Exchange. The timely filing for the quarter ended June 30 is a condition for the firm’s listing on the exchange. American Apparel said it filed a plan of compliance on June 1 and that it plans to provide supplemental information to the exchange to update how it intends to regain compliance by no later than Nov. 15. The company said the delay for the timely filing of its second-quarter results was due to a change in its accounting firm. It said the new auditors needed more time to complete its review procedures for the quarter ended June 30.

This story first appeared in the August 24, 2010 issue of WWD. Subscribe Today.

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