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Sirena Apparel Group

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BUSINESS
June 26, 1999 | ABIGAIL GOLDMAN
The beleaguered Sirena Apparel Group Inc.--a bathing suit maker whose labels include Anne Klein, Liz Claiborne and Hang Ten--said late Friday that it had filed for Chapter 11 bankruptcy protection. The move comes just weeks after Los Angeles-based Sirena abruptly fired its chief executive and chief financial officer for "accounting irregularities." The firm then said it would restate earnings from the first three quarters of the fiscal year that ends Wednesday.
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BUSINESS
April 25, 2001 | Bloomberg News
Sirena Apparel Group Inc.'s former chief financial officer pleaded guilty to charges he falsified the swimwear maker's books to meet revenue forecasts, federal prosecutors said Tuesday. Richard A. Gerhart, 49, of Irvine, pleaded guilty to nine counts before U.S. District Judge Dickran Tevrizian in Los Angeles. The charges include making a false statement to the Securities and Exchange Commission and falsification of books and records. Tevrizian set an Aug.
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BUSINESS
March 4, 1999 | ABIGAIL GOLDMAN, retail reporter
The manufacturer of such swimwear and intimate apparel labels as Hang Ten and Rose Marie Reid said this week it will offer its clothing direct to consumers via the Web--but with a twist to avoid angering the brands' retail sellers. Sirena Apparel Group Inc. will only offer items that are exclusive to the site and not available in stores. The company, which also has licenses for such labels as Anne Klein and Liz Claiborne, will not sell those brands from the new site.
BUSINESS
April 12, 2001 | Bloomberg News
Sirena Apparel Group Inc.'s former chief executive pleaded guilty to charges he falsified the swimwear maker's books to meet revenue forecasts, federal prosecutors said. Maurice B. Newman, 67, entered his plea before U.S. District Judge Dickran Tevrizian in Los Angeles. Tevrizian set a June 25 sentencing date, when Newman could face as much as 25 years in prison and a fine of $8.8 million.
BUSINESS
April 25, 2001 | Bloomberg News
Sirena Apparel Group Inc.'s former chief financial officer pleaded guilty to charges he falsified the swimwear maker's books to meet revenue forecasts, federal prosecutors said Tuesday. Richard A. Gerhart, 49, of Irvine, pleaded guilty to nine counts before U.S. District Judge Dickran Tevrizian in Los Angeles. The charges include making a false statement to the Securities and Exchange Commission and falsification of books and records. Tevrizian set an Aug.
BUSINESS
April 12, 2001 | Bloomberg News
Sirena Apparel Group Inc.'s former chief executive pleaded guilty to charges he falsified the swimwear maker's books to meet revenue forecasts, federal prosecutors said. Maurice B. Newman, 67, entered his plea before U.S. District Judge Dickran Tevrizian in Los Angeles. Tevrizian set a June 25 sentencing date, when Newman could face as much as 25 years in prison and a fine of $8.8 million.
BUSINESS
July 9, 1999
* Sirena Apparel Group Inc. said its stock would be delisted from the Nasdaq Stock Market effective at the close of business today because it no longer meets Nasdaq's maintenance requirements. The Vernon-based maker of private-label swimwear, which filed a petition for Chapter 11 bankruptcy protection in June, said it doesn't intend to list its stock on any other market at this time.
BUSINESS
March 23, 2000
* Brian Zientek has been named chief executive of Sirena Apparel Group Inc., a Los Angeles-based swimwear maker. In 1987, Zientek was part of a venture capital group that purchased the assets of Daffy Swimwear, which was later renamed Beach Patrol. Sirena has a license from Liz Claiborne Inc. to use the Liz Claiborne trademark. * East West Bancorp, the San Marino-based parent of East West Bank, has appointed Ed von Leffern as vice president, international banking officer.
BUSINESS
September 19, 1997 | GEORGE WHITE, TIMES STAFF WRITER
CaliforniaMart President Maurice "Corky" Newman, who helped rebuild the tenant base at the Los Angeles apparel showroom center, said Thursday that he is leaving the post to become chairman and chief operating officer of Sirena Apparel Group, a South El Monte-based swimwear producer. The move is effective Sept. 29. Susan Scheimann, vice president of marketing and leasing at CaliforniaMart, has been named acting president.
BUSINESS
June 11, 1999 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
Two shareholders' suits were filed Thursday against Sirena Apparel Group Inc. accusing the El Monte company of filing false financial statements for the first three quarters of fiscal 1999. Sirena said Monday that it had fired its chief executive and its chief financial officer "following the discovery of accounting irregularities" and would restate its financial results for the first three quarters of the fiscal year ending June 30.
BUSINESS
June 26, 1999 | ABIGAIL GOLDMAN
The beleaguered Sirena Apparel Group Inc.--a bathing suit maker whose labels include Anne Klein, Liz Claiborne and Hang Ten--said late Friday that it had filed for Chapter 11 bankruptcy protection. The move comes just weeks after Los Angeles-based Sirena abruptly fired its chief executive and chief financial officer for "accounting irregularities." The firm then said it would restate earnings from the first three quarters of the fiscal year that ends Wednesday.
BUSINESS
March 4, 1999 | ABIGAIL GOLDMAN, retail reporter
The manufacturer of such swimwear and intimate apparel labels as Hang Ten and Rose Marie Reid said this week it will offer its clothing direct to consumers via the Web--but with a twist to avoid angering the brands' retail sellers. Sirena Apparel Group Inc. will only offer items that are exclusive to the site and not available in stores. The company, which also has licenses for such labels as Anne Klein and Liz Claiborne, will not sell those brands from the new site.
BUSINESS
September 28, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
Maurice "Corky" Newman, a well-known Southern California fashion executive who was fired last year amid allegations of misconduct at Los Angeles-based Sirena Apparel Group, will face criminal charges of accounting fraud, federal prosecutors said Wednesday. Newman, 67, former chief executive at bathing-suit maker Sirena, was arrested Tuesday by FBI agents and named in a 10-count indictment for misleading investors last year about Sirena's financial health.
BUSINESS
May 5, 1998
Southern California* companies ranked by percentage gain in stock price over the 52 weeks ended April 17, with projected 3-to-5-year annualized earnings per share growth and earnings history. Initial public offerings, stocks with a price below $2 on April 17 and stocks recapitalized in the period are not included. *--* 52-wk. Stock Proj. stock price 3-to-5- price on yr. EPS Name Ticker chg., % 4/17/98 growth 1 North American Scientific NASI 1,062% $34.13 NA 2 EarthLink Network ELNK 564 68.
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