In re American Apparel, Inc.

ORDER GRANTING DEFENDANTS’ MOTIONS TO DISMISS

MARGARET M. MORROW, District Judge.

This is a consolidated putative securities class action against defendants American Apparel, Inc., Dov Charney, Adrian Kowalewski, and Lion Capital, Inc. Plaintiffs’ primary allegation is that during the class period, defendants misled the public about its hiring of workers employed in American Apparel’s Los Angeles factory. Plaintiffs allege that defendants hired numerous undocumented workers in violation of the Immigration and Nationality Act (“INA”); that they failed to comply with the INA’s reporting…