Things are looking up for the American Apparel CEO! First, he received an $80 million line of credit for his ailing company last week; now, Charney’s $260 million sex-slave lawsuit has been thrown out of Brooklyn Supreme Court, DNAinfo.com reports. Justice Bernadette Bayne made the decision after discovering that both sides were already ordered to arbitration in California.
Dov Charney, chairman and chief executive officer of American Apparel Inc., stands for a portrait in a company retail store in New York, U.S., on Thursday, July 29, 2010. Starting the company in a dorm at Tufts University in Medford, Massachusetts, Charney built a worldwide empire of 280 clothing stores by leaping out ahead of mainstream fashion. He personified the racy, risk-taking aesthetics of his business and is now facing the consequences - skittish lenders and investors who doubt his ability to oversee his own creation. Photographer: Keith Bedford/Bloomberg via Getty Images Photo: Bloomberg/2010 Bloomberg