Dov Charney, the ousted founder of now-bankrupt American Apparel Inc., has hired Cardinal Advisors LLC in an attempt to alter the course of the company's bankruptcy, which as of now would lead the business to ownership under a group of lenders, including New York hedge fund Standard General LP.

Charney said he is “exploring plans with investors and industry executives in an effort to develop a value-maximizing solution" for American Apparel, according to a Dec. 4 statement. He has been trying to regain control of the made-in-America clothing line he started in 1989 since his firing in December 2014.

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