Kendall Law Group, led by former federal judge Joe Kendall, is investigating J. Crew Group Inc. (NYSE: JCG) for shareholders in connection with the proposed acquisition by TPG Capital and Leonard Green & Partners. The national securities firm's investigation seeks to determine whether J. Crew and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a J. Crew shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On November 23, 2010, the companies announced the definitive merger agreement under which J. Crew would be acquired by the two private-equity firms, in a transaction valued at approximately $3 billion. Under the terms of the agreement, J. Crew stockholders will receive $43.50 in cash for each share of J. Crew/JCG common stock. The offer price is a 16% premium over J. Crew's $37.65 closing price on Monday. J. Crew Chief Executive Officer Millard Drexler will continue as the company's CEO and plans to maintain a "significant equity investment" in the company. In addition, according to Thompson/First Call, at least one analyst has set a price target of $50.00 per share for J. Crew stock. Due to these factors, the firm believes the transaction may be undervaluing the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Kendall Law Group LLP
Scott Kendall, 214-744-3000
Toll Free: 877-744-3728
Facsimile: 214-744-3015
skendall@kendalllawgroup.com
www.kendalllawgroup.com