MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • July 24th, 2012 • Talbots Inc • Retail-women's clothing stores
This Memorandum of Understanding (“MOU”) is entered into as of July 23, 2012, by and among the undersigned parties (the “Parties”) to In re The Talbots, Inc. Shareholders Litigation, Consolidated C.A. No. 7513-CS (the “Action”), pending before the Delaware Chancery Court (the “Court”) and Brodt v. The Talbots, Inc., Case No. 1:12-cv-00853-UNA, pending before the United States District Court for the District of Delaware.
