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"Dov Charney, the embattled American Apparel CEO subject to a boardroom coup last week, has filed paperwork with the SEC stating he intends to \"vigorously\" fight his ouster with the help of some investors. \nCharney \"was approached by certain persons, including stockholders of the Issuer, who expressed support for his continued leadership,\" the filing states. The Schedule 13 D filing, the form that is often the precursor to a hostile takeover or another change of ownership, doesn't name the investors. The New York Post reports that one is FiveT Capital, a Switzerland investment firm with a 13% stake in the company. \nSee also: Unraveling American Apparel CEO's Fall From Grace\nInvestor Lion Capital also told the board it planned to exercise its right to add two seats of its own to the company's board, according to the Post. It's unclear whether Lion supports Charney. \nOn Friday, the Post reported that Charney was \"angling to gain a voting majority by packing the seven-member board with additional seats.\" \nAmerican Apparel reps could not be reached for comment. \nAmerican Apparel's board met for 10 hours last Wednesday and decided to oust the CEO and founder due to an \"ongoing investigation into alleged misconduct.\" Under Charney's contract, he has 30 days to \"resolve the conflict\" with the board before he can be fired; that would give him until July 18.\nThe board didn't go into details, but BuzzFeed obtained a copy of its termination letter over the weekend. News of the letter had leaked on Whisper. \nAmong the board's grievances are the allegation that Charney refused to participate in mandatory sexual harassment training and used severance packages to quiet former employees. \n\"In terms of finances, your conduct has required the company to incur significant and unwarranted expenses, including expenses associated with litigation and defense costs, significant settlement payments, substantial severance packages that were granted to employees, and unwarranted business expenses that you incurred for personal reasons,\" the board wrote in the letter.\nThe company has listed five arbitration cases against Charney. It has settled two. According to a report in The Wall Street Journal, the company agreed to pay former sales manager Mary Nelson a $1.3 million settlement. Nelson claimed Charney made sexual advances before he fired her. The settlement \"later got entangled in a dispute over language in the arbitration that would say Mr. Charney never made any advances toward her.\"\nHave something to add to this story? Share it in the comments."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2014/06/23/american-apparel-dov-charney-fighting/>