JCrew has extended its time frame to accept rival bids for the company and its efforts to go private until February 15th but the brand is in hot water and has been since the proposed takeover of TPG Capital and Leonard Green and Partners LP.
To read more about he lawsuit visit Bloomberg:
http://www.bloomberg.com/news/2011-02-01/j-crew-10-million-settlement-of-tpg-buyout-suit-falls-apart-lawyer-says.html
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