Shareholders unhappy with a proposed $3B leveraged buyout of J. Crew (JCG -0.9%) reject a...

|About: J CREW GROUP INC. (JCG)|By:, SA News Editor

Shareholders unhappy with a proposed $3B leveraged buyout of J. Crew (JCG -0.9%) reject a settlement that allowed for changes to the deal. Last month, the investor group agreed to settle litigation that claimed they were shortchanged by the proposed sale; they're now pulling support because they say the company undermined the agreed-upon terms of the settlement.