The Law Office Of Abe Shainberg Launches An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of J. Crew Group, Inc. In Connection With Sale To TPG Capital And Leonard Green & Partners, L.P.
The Law Office of Abe Shainberg is investigating the Board of Directors of J. Crew Group, Inc. (NYSE: JCG) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to TPG Capital and Leonard Green & Partners, L.P. Under the terms of the transaction, J. Crew shareholders will receive $43.50 in cash for each share they own for a total transaction value of approximately $3 billion. The investigation concerns whether the J. Crew Board of Directors breached their fiduciary duties to J. Crew stockholders by failing to adequately shop the Company before entering into this transaction and whether the buyers are underpaying for J. Crew shares. J. Crew stock has traded as high as $47 per share as recently as May 28, 2010 and at least one analyst has set a price target for J. Crew stock at $50 per share. If you own common stock in J. Crew and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/jcrewgroup-jcg.html. Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.