Aug. 24, 2009 (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Charlotte Russe Holding, Inc. (“Charlotte Russe” or the “Company”) (NASDAQ:CHIC) related to the Company’s agreement to be acquired and taken private by investment funds managed by the private equity firm Advent International Corporation, in a deal valued at approximately $380 million.

Under the terms of a definitive agreement entered into by the parties, an affiliate of Advent will commence a tender offer to purchase all of the outstanding shares of Charlotte Russe common stock, and the associated preferred stock purchase rights, at a cash price of $17.50 per share. The tender offer is expected to commence on or before August 31, 2009. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to approval of the transaction by the Charlotte Russe board of directors.

If you own shares of Charlotte Russe Holding, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.