The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of rue21, inc. ("rue21" or the "Company") (Nasdaq: RUE) and other violations of state law by the board of directors of rue21 relating to the proposed going private transaction of the Company by private equity firm Apax Partners. The firm's investigation seeks to determine, among other things, whether the board of directors of rue21 breached their fiduciary duties by failing to maximize shareholder value.

According to the press release announcing the proposed going private transaction, rue21 shareholders will receive $42.00 per share in cash for each share of rue21 common stock they own.

If you currently own common stock of rue21 and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com