• American Apparel can add an investor lawsuit to its list of troubles. They allege that Dov Charney has misled them and mismanaged the company. [PRLog]
• Meanwhile, analysts predict the overextended chain will close many of its unprofitable, redundant stores. [Crain's]

• American Apparel's stock is tumbling this morning, following news that the company's dodgy accounting has caught the eye of the U.S. Attorney's office. It's currently trading at 0.83. [AMEX:APP]
• Dov says: "The capital structure issues will work themselves out." [WWD]

• Gabourey Sidibe is rumored to be doing a cosmetics collection with Bobbi Brown. [WWD]
• Zandra Rhodes wants to dress Lady Gaga. Which designer doesn't? [Vogue UK]

[New York, August 11. Vogue Editor in Chief Anna Wintour and designer Tommy Hilfiger leave a news conference in City Hall]

• When he gets done taping The View today, Barack Obama's gonna head over to his close, personal friend Anna Wintour's house for an intimate, $30,000-a-plate, fundraiser with fashion friends like Calvin Klein and Donna Karan. [WWD]

• Christy Turlington says, "There's nothing rewarding about modeling. It was a fun opportunity that allowed me to see the world but spiritually and intellectually there is nothing rewarding about the profession at all."

• AdAge reports that Ellen DeGeneres and Rihanna are the female celebrities most likely to make consumers stop and pay attention to their ads. The product in top-scorer Ellen's CoverGirl ad was apparently recommended by 30% of readers. [AdAge]

• Megan Fox may have been replaced by an underwear model in the next Transformers movie, but she plays one pretty well in this latest campaign for Armani Exchange. Trading places is all the rage for fall. [Fox]

• Anna Wintour is going all NIMBY on restaurateur Serge Becker. Becker has a new Jamaican restaurant opening near Wintour's West Village townhouse, and she's warned him not to plan any parties there that might generate noise — or smells. [PX]

• For the May Vogue Mexico cover, Gisele Bündchen pulled virtually the same pose that was captured on the April cover of American Vogue. [DesignScene]
• Miley Cyrus wears a silver corset that costs $25,000 in her latest music video. [Us]

• Paulina Porizkova says news of Kate Hudson's breast augmentation "headed straight to my heart...The availability and ease of transforming our bodies is completely losing our identities and uniqueness. No one ages anymore, no one has imperfections of any kind anymore:

• Carey Mulligan isn't taking Anna Wintour's sartorial advice. "Anna said I should wear short for the Oscars. I was like ‘No, that is so not what I had in my head when I was 6!" Once bitten, twice shy. [People]

• Why mess with a good thing? Longtime Calvin Klein Jeans face Eva Mendes is back, again with model Jamie Dornan, for spring. And Calvin Klein Collection has again booked 15-year-old Polish model Monika Jagaciak for its spring ads. [WWD]

• Victoria Beckham might be adding shoes and accessories to her dress collection, because she's apparently sick of advertising other designers' goods. [Sun]
• Fergie says she wanted her Avon scent to smell "fresh, and yet modern at the same time." [People]

• Colin Firth won Best Actor at the Venice Film Festival for his role in former Gucci designer Tom Ford's directorial debut, A Single Man. [Vogue UK]
• Did Louis Vuitton make a $590 knock off of this New Balance sneaker? [WWD]

Last night, Sadie and I hiked through Manhattan in unseasonable wind and rain to attend Fashion's Night Out. As the stores opened to the boozehound hordes, we had many experiences that were challenging and puzzling. And some that were fun.

• Waiting, with Diane Von Furstenberg, for Mayor Bloomberg to arrive in Queens, Anna Wintour said, "If he doesn't show, Diane and I will run on a joint ticket and take over the city." Was that a...joke? Then Lindsay Lohan stole.

Last night marked Fashion's contribution to the global economy, and in New York, the Dior Boutique's fete was among the slickest. Charlize Theron! Anna Wintour! Iman! Alexander Richards! All stimulating the economy, people!

• PETA will protest Anna Wintour, Michael Bloomberg, and the cast of Hair as they kick off Fashion's Night Out in Queens. [PETA]
• Betsey Johnson will spend tonight driving between her stores in a pink convertible, holding up big signs. [WWD]

• After barring a woman from helping her autistic sister try on clothes at the chain's Mall of America outpost, Abercrombie & Fitch was fined $115,264 for discrimination. Now we can say it definitively: Abercrombie doesn't like disabled people. [StarTrib]