J CREW GROUP : J. Crew Group, Inc. Shareholder Investigation by Briscoe Law Firm Concerning Acquisition by Funds Affiliated with TPG Capital and Leonard Green & Partners, L.P.

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of J. Crew Group, Inc. (?J. Crew? or ?JCG?) (NYSE: JCG) related to the proposed acquisition of J. Crew by funds affiliated with the private equity groups TPG Capital and Leonard Green & Partners, L.P.

The definitive acquisition agreement, which was announced on November 23, 2010, involves a transaction valued at approximately $3.0 billion under which J. Crew shareholders will receive a cash payment of $43.50 for each share of J. Crew/JCG common stock they hold. Although the acquisition price reportedly represents an approximate 29% premium over J. Crew/JCG's average closing price the month prior to the acquisition announcement, analysts have projected the true inherent value of J. Crew/JCG shares to be at least $50.00 per share. In addition, according to a press release issued by J. Crew announcing the transaction, Millard Drexler, the current Chairman and CEO of J. Crew, will remain in this position after the closing and ?maintain a significant equity investment in J. Crew.?

Based on these and other factors, the proposed transaction may not adequately value J. Crew/JCG shares. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of J. Crew for approving this transaction and whether J. Crew's Board of Directors acted in the shareholders' best interests and properly shopped the deal.

If you currently own shares of J. Crew/JCG and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free [phone], via e-mail at [e-mail], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free [phone], or via email at [e-mail]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor, LLP
Patrick Powers, 877-728-9607
[e-mail]
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-397-5991
[e-mail]