J.Crew Accuses Angry Shareholders of Being Greedy

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Shareholders unhappy with J.Crew's plan to go private, and the settlement they agreed to after suing the retailer, are trying to get more money from the chain. Having accused it of wrongly manipulating the settlement in their favor, they're now asking for "very significant monetary recovery" from J.Crew. J.Crew's lawyer has responded in a letter to the judge ruling on the case: "Having largely reaped the fruits of their bargain, plaintiffs now want to renege." [WWD]