J. Crew reaches $16M settlement with private equity firms on buyout

By: Bloomberg News September 1, 2011

J. Crew Group Inc. and the two private-equity firms buying the retailer agreed to pay $16 million to resolve investor lawsuits over the deal, reviving a previous settlement that had collapsed, court papers show. Executives of New York-based J. Crew and buyout firms TPG Capital and Leonard Green & Partners, who acquired the clothing-store chain for $3 billion, agreed to add an additional $6 million to the original $10 million settlement to end litigation over the buyout, lawyers said in a filing made public Thursday in Wilmington, Del.

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J. Crew reaches $16M settlement with private equity firms on buyout

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