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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 9, 1999
J. CREW GROUP, INC.
(Exact name of registrant as specified in its charter)
New York 333-42427 22-2894486
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
770 Broadway, New York, New York 10003
(Address of principal executive offices)
(Zip code)
(212) 209-2500
(Registrant's telephone number, including area code)
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Item 5. Other Events.
The Corporation has reached a settlement in the two lawsuits relating to
its purchasing clothing products from independent garment manufacturers in
Saipan (Commonwealth of Northern Mariana Islands). The settlement will be
presented to Federal and State courts for preliminary approval and class notice.
The decision to settle these actions is not an admission of any wrong-
doing, but reflects the significant legal fees, other expenses and management
time that would have to be devoted to continue to vigorously defend these
actions in the courts. Only a very small percentage of clothing sold by the
Corporation was manufactured by the defendant garment manufacturers in Saipan,
and the settlement will not have a material impact on the financial condition of
the Corporation.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
J. CREW GROUP, INC.
By:/s/ Mark A. Sarvary
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Name: Mark A. Sarvary
Title: Chief Executive Officer
Date: August 9, 1999
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