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Back in April, I wrote about Wood Allen's decision to file a lawsuit against American Apparel (AMEX: APP). Woody was upset because his image appeared on company billboard that were up for less than one week, and he wanted $10 million in damages. I thought the figure was laughably high and American Apparel lawyers said they did too -- but today The New York Times reports that the matter has been resolved:

On Monday morning, as a trial was set to begin in Federal District Court in Lower Manhattan, Mr. Allen announced that he had accepted a $5 million settlement in his lawsuit against American Apparel and Dov Charney, its founder and chief executive. The settlement means that Mr. Allen, who had initially sought $10 million in the trial, can avoid a trial that could have dredged up potentially salacious details about the filmmaker and his wife, Soon-Yi Previn.

Continue reading American Apparel settles suit with Woody Allen

American Apparel settles suit with Woody Allen originally appeared on BloggingStocks on Mon, 18 May 2009 18:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>American ApparelAmericanApparelAPPinthenewsWoody AllenWoodyAllenMon, 18 May 2009 18:40:00 EST<![CDATA[Woody Allen sues American Apparel for $10 million]]>http://www.bloggingstocks.com/2008/04/01/woody-allen-sues-american-apparel-for-10-million/http://www.bloggingstocks.com/2008/04/01/woody-allen-sues-american-apparel-for-10-million/http://www.bloggingstocks.com/2008/04/01/woody-allen-sues-american-apparel-for-10-million/#commentsFiled under: ,

After taking an initial look at American Apparel (AMEX: APP), I cautioned investors that CEO Dov Charney's interesting management style -- which apparently includes public masturbation, sexual relations with employees, and posing nude for magazines -- might present a problem as the company makes the transition from private to public.

Then the company drew some fire for its ad campaign touting immigration reform. I questioned whether it was appropriate for a public company to be using shareholder capital for an ad campaign that advanced the CEO's political views.

Now the strange saga of American Apparel gets a little more bizarre: Director Woody Allen has sued the company for $10 million, alleging that it used a photo of him dressed as a rabbi on billboard ads without his consent. Check out this post from The Jewish newspaper Daily Forward for more background/funny commentary on the picture choice.

Continue reading Woody Allen sues American Apparel for $10 million

Woody Allen sues American Apparel for $10 million originally appeared on BloggingStocks on Tue, 01 Apr 2008 10:10:00 EST. Please see our terms for use of feeds.

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