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Sex, Betrayal and Bond Traders: The Fall of American Apparel

  • After bankruptcy filing, bondholders will own the retailer
  • Monarch, a distressed debt fund, is most influential lender
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American Apparel Files for Bankruptcy, Hopes to Survive

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Sex, money, betrayal: The bizarre brawl between American Apparel Inc. and its founder, Dov Charney, has all that and more.

But now this tabloid tale is coming down to a seemingly staid bit of finance: the bonds.