American Apparel (AMEX:APP) is now facing a class-action lawsuit brought against it by the Law Offices Howard G. Smith.

The suit alleges that American Apparel (AMEX:APP) “violated federal securities laws by issuing material misrepresentations to the market concerning American Apparel’s operations and financial performance” over the last 4 years.

Stay tuned for developments on this case.

If you’re contemplating investing in American Apparel (AMEX:APP) shares, be sure you make the trade at the right price. Timing the market or technical analysis might often a hard task, but do take into account the price history.

Read more:
http://www.stockbriefings.com/american-apparel-amexapp-facing-legal-action/3171758