The company was sold to two private equity firms for $3 billion.
J.Crew attempts to sway them with flashy PowerPoint slides of celebrities!
They don't want to pay them any more money.
They accuse J.Crew of shadily manipulating the terms of its $3 billion buyout.
Sears still has a chance!
One analyst points out that it would be a pretty bad thing for a company like J.Crew to be owned by Sears.