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Levi & Korsinsky, LLP Investigates American Apparel, Inc

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					Levi & Korsinsky, LLP Investigates American Apparel, Inc

Levi & Korsinsky is investigating potential claims against American
Apparel, Inc. for potential violations of the state and federal
securities laws.

New York, NY, August 12, 2010 -- Levi & Korsinsky is investigating
potential claims against American Apparel, Inc. (“American Apparel” or
the “Company”) (AMEX: APP) for potential violations of the state and
federal securities laws. Concerned shareholders should contact Joseph
Levi at 877-363-5972 or by email at jlevi@zlk.com for more information.

On March 31, 2010, American Apparel disclosed an audit report issued by
Deloitte & Touche, LLP (“Deloitte”) which identified material weaknesses
in the Company’s internal controls over financial reporting. These
weaknesses led to deficiencies in the analyzing and recording of certain
inventory costs, cost of sales, and the preparation of account analyses,
account summaries and account reconciliations. The Company also did not
perform adequate and independent reviews and maintain effective controls
over the preparation of its financial statements. As a result, there is
an increased likelihood of “potential material errors to the [December
31, 2009] consolidated financial statements.” On July 22, 2010, Deloitte
resigned as the independent registered public accounting firm of American
Apparel. On July 29, 2010, after Deloitte’s resignation was announced to
the public, American Apparel shares promptly dropped from $1.81 per share
to close at $1.55 per share, on abnormally high trading volume.

If you purchased the common stock of American Apparel between January 1,
2008 through July 29, 2010 and would like to discuss this action, or if
you have any questions concerning your rights as a potential class
member, please contact Joseph Levi either via email at jlevi@zlk.com or
by telephone at 877-363-5972, or visit http://www.zlk.com/american-
apparel.html.

Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud
and represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation.

CONTACT: Levi & Korsinsky, LLP, Joseph Levi, Esq., 30 Broad Street - 15th
Floor, New York, NY 10004, Tel: (212) 363-7500, Fax: (212) 363-7171,
www.zlk.com -or- http://www.zlk.com/american-apparel.html.

Contact:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
jmorine@zlk.com
http://www.zlk.com

				
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Description: Levi & Korsinsky is investigating potential claims against American Apparel, Inc. for potential violations of the state and federal securities laws.