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TMCNet:  Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Proposed Sale of The Jones Group Inc. to Sycamore Partners

[December 19, 2013]

Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Proposed Sale of The Jones Group Inc. to Sycamore Partners

SAN DIEGO --(Business Wire)--

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of The Jones Group, Inc. (NYSE: JNY) breached their fiduciary duties in connection with the planned sale of the Company to Sycamore Partners. The Jones Group engages in the design, marketing, and wholesale of apparel, footwear, jeanswear, jewelry, and handbags. As of December 31, 2012, it operated 185 specialty retail stores and 409 outlet stores.

On December 19, 2013, The Jones Group and Sycamore Partners announced that they had entered into a definitive agreement. Under terms of the transaction, The Jones Group shareholders will receive $15.00 in cash for each share owned, or approximately $.2 billion. In August 2013 the stock traded as high as $17.78.


The investigation concerns whether The Jones Group's board members failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock.

If you are a Jones Group shareholder and would like additional information concerning your legal rights, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-230-0063.

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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