{"id":42978,"date":"2014-07-10T08:14:32","date_gmt":"2014-07-10T12:14:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42978"},"modified":"2014-07-10T08:14:32","modified_gmt":"2014-07-10T12:14:32","slug":"american-apparel-gets-hedge-fund-bailout","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2014\/american-apparel-gets-hedge-fund-bailout.html","title":{"rendered":"American Apparel gets hedge fund bailout"},"content":{"rendered":"<p>USA Today &#8211; American Apparel (APP), the struggling maker of clothes until recently led by controversial founder and former CEO Dov Charney, got a new thread of life after hedge fund Standard General said it will give $25 million in financial backing to the company.<\/p>\n<p>The lifeline is much needed by the company, which continues to lose money and burn cash at a staggering pace. Standard General requires American Apparel\u2019s board to be largely replaced and a board appointed to investigate alleged wrongdoing by Charney. Five of the seven board members, including Charney, will resign.<\/p>\n<p><a href=\"http:\/\/americasmarkets.usatoday.com\/2014\/07\/09\/american-apparel-gets-hedge-fund-bailout\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USA Today &#8211; American Apparel (APP), the struggling maker of clothes until recently led by controversial founder and former CEO Dov Charney, got a new thread of life after hedge fund Standard General said it will give $25 million in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42978","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=42978"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42978\/revisions"}],"predecessor-version":[{"id":42979,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42978\/revisions\/42979"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}