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Law firms investigate Jones Group purchase


New York – At least four law firms are investigating the pending purchase of The Jones Group. The law office of Brodsky & Smith, LLC, Vincent Wong, Farugi and Farugi, LLP and Robbins Arroyo LLP are investigating potential claims against the board of directors of The Jones Group, Inc. relating to the proposed acquisition by Sycamore Partners.

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the board of directors of The Jones Group for not acting in the company's shareholders' best interests in connection with the sale process. The investigation seeks to determine if The Jones Group board of directors failed to conduct an adequate auction process and whether Sycamore Partners is underpaying for The Jones Group shares.

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