This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bernstein Liebhard LLP Announces Action Filed On Behalf Of J. Crew Group, Inc. Shareholders

Bernstein Liebhard LLP announced today that it filed an action denominated Weisenberg v. J. Crew Group, Inc. et al., Civ. No. 10-115564 in New York Supreme Court on behalf of shareholders in J. Crew Group, Inc. (“J. Crew” or the “Company”) (NYSE: JCG). Plaintiff alleges that Defendants J. Crew, Millard Drexler, Mary Ann Casati, James Coulter, Steven Grand-Jean, David House, Heather Reisman, Stuart Sloan, Stephen Squeri, Josh Weston, TPG Capital, Leonard Green & Partners, L.P., Chinos Holdings, Inc., and Chinos Acquisition Corporation either breached their fiduciary duties to the Company, or aided and abetted such breaches, in agreeing that J. Crew be acquired by funds affiliated with TPG Capital and Leonard Green & Partners, L.P. for inadequate consideration of $43.50 per share (the “Transaction”).

Plaintiff seeks to enjoin Defendants’ unlawful conduct and to force the J. Crew Board to take the necessary steps to: (i) disclose all material information to the J. Crew shareholders necessary for them to make an informed voting decision on the Transaction; (ii) maximize shareholder value; and (iii) avail themselves of all material information necessary to make an informed judgment about the sale of the Company.

If you are interested in discussing your rights as a J. Crew shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.

Bernstein Liebhard LLP

10 East 40th Street

New York, New York 10016

(877) 779-1414

www.bernlieb.com

 

ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs