Charlotte Russe Holding Board of Directors Faces Shareholder Investigation

An analysis on account of accepted investors Charlotte Russe Holding (Public, NASDAQ:CHIC), who purchased the shares afore August 24, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover amount was announced.

Those who are currently investors in shares of Charlotte Russe Holding (Public, NASDAQ:CHIC), and purchased the shares afore August 24, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at Email: mail(at)shareholdersfoundation.com or alarm us at: +1 (858) 779 - 1554. The investigations by law firms focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of Charlotte Russe Holding (Public, NASDAQ:CHIC) arising out of their attack to advertise Charlotte Russe to Advent International Corp. Charlotte Russe Holding, Inc. (NASDAQ: CHIC) appear on August 24, 2009, that it has entered into a absolute acceding to be acquired and taken clandestine by investment funds managed by Advent International Corporation. According to Charlotte Russe beneath the agreement of the alliance agreement, an accessory of Advent International Corp will arise a breakable action to acquirement for banknote all of the outstanding shares of Charlotte Russe accepted banal (NASDAQ: CHIC), and the associated adopted banal acquirement rights, at a amount of $17.50 per share, for a absolute amount of about $380 million. But according to an analysis by a law close “the transaction appears to be unfair” to accepted investors of Charlotte Russe Holding (Public, NASDAQ:CHIC). According to addition analysis the analysis “concerns whether the Charlotte Russe Board of Directors breached their fiduciary duties to Charlotte Russe shareholders accustomed that the Company has acquaint better-than-expected balance in the accomplished brace of abode and that the acquirement amount is alone 4.5 times EBITDA, which one analyst alleged "a appealing acceptable discount" for an accretion of a specialty retailer”. Charlotte Russe Holdings, Inc., amid in San Diego, California, congenital in July 1996, is a mall-based specialty banker of fashionable, value-priced accoutrement and accessories. Charlotte Russe Holdings distributes and sells accoutrement and accessories to adolescent women in their adolescence and twenties. Charlotte Russe Holdings appear in 2007 (ending on September 2007) Total Revenue of $740.94million with a Net Income of $36.30million and in 2008 (ending on September 2008) Total Revenue of $823/25million with a Net Income of $18.17million. Charlotte Russe Holdings shares (NASDAQ: CHIC) traded at $1736 per allotment afterwards the advertisement and the day afore the advertisement at $ 13.80 per share, down from about $20 per allotment in 2008 and over $30 per allotment in 2007.