Judge Allows Shareholder Vote On J.Crew Buyout

Law360, New York (February 24, 2011, 4:31 PM EST) -- A New York judge Thursday rejected an attempt to block a vote on two private equity firms' proposed $3 billion buyout of J.Crew Group Inc., saying a putative shareholder class can't appeal a Delaware ruling in a New York court.

"I feel like you're playing us off each other a little bit," said Judge Barbara R. Kapnick of the Supreme Court of the State of New York, County of New York, referring to a Delaware judge's decision Feb. 11 to not stop the March 1 shareholder...
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