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J.Crew to Settle Shareholder Lawsuit for $16 Million

This is the suit brought against the company because of its $3 billion private equity buyout, which shareholders argued unfairly favored CEO Mickey Drexler and the company's interests. The $16 million settlement comes after a proposed $10 million one failed to heal anyone's bitter feelings about the deal. [DealBook/NYT]

Copyright © 2013, New York Media LLC. All Rights Reserved. The Cut® are registered trademarks of New York Media LLC.

Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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