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The Shuman Law Firm Announces the Filing of a Class Action Lawsuit against American Apparel, Inc.

^{Published on 2010-08-26 14:11:49 - Market Wire}
 

BOULDER, Colo.--([ BUSINESS WIRE ])--The Shuman Law Firm today announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of all persons or entities who purchased the common stock of American Apparel, Inc. (aAmerican Apparela or the aCompanya) (AMEX: APP) between December 20, 2006 and August 17, 2010, inclusive (the aClass Perioda).

If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll-free at 866-974-8626 or email Mr. Shuman at [ kip@shumanlawfirm.com ] or Mr. Glenn at [ rusty@shumanlawfirm.com ].

American Apparel is a designer, manufacturer and retailer of fashion apparel for women, men, children and pets. The Complaint alleges that during the Class Period the Company and certain of its executive officers and/or directors violated federal securities laws by issuing material misrepresentations to the market concerning American Apparela™s operations and financial performance, thereby artificially inflating the price of the Companya™s securities.

If you purchased American Apparel common stock between December 20, 2006 and August 17, 2010, you may request that the Court appoint you as lead plaintiff of the class no later than 60 days from August 25, 2010. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.