Many months ago, a little upstart t-shirt concern didn't file its quarterly results on time. The New York Stock Exchange warned the company to file by August 16, or face delisting. We called our friend Dov Charney to learn more.
American Apparel announced last night that it won't file its latest quarterly financial report on time. It's the second quarter in a row that this has happened, and if the company misses another deadline on Monday, it could be delisted.