J CREW GROUP : Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of J.Crew Group, Inc., in Connection With the Proposed Acquisition of the Company by TPG Capital and Leonard Green & Partners, L.P.

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of J.Crew Group, Inc. (?J.Crew? or the ?Company?) (NYSE:JCG) related to the Company's agreement to be acquired by funds affiliated with TPG Capital and Leonard Green & Partners, L.P. The proposed cash transaction is valued at approximately $3 billion.

Under the terms of the definitive agreement entered into by the parties, J.Crew shareholders will receive $43.50 in cash for each share they own of the Company's common stock. The transaction is expected to close in the first half of fiscal 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by J.Crew's board of directors.

If you are a shareholder of J.Crew, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[e-mail]
www.howardsmithlaw.com