JO-ANN : Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Jo-Ann Stores, Inc., in Connection with the Proposed Acquisition of the Company by Leonard Green & Partners, L.P.

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Jo-Ann Stores, Inc. (?Jo-Ann Stores? or the ?Company?) (NYSE:JAS) related to the Company's agreement to be acquired by an affiliate of Leonard Green & Partners, L.P. The proposed transaction is valued at approximately $1.6 billion.

Under the terms of the definitive agreement entered into by the parties, Jo-Ann Stores shareholders will receive $61.00 in cash for each share they own of the Company's common stock. The transaction is expected to be completed in the first half of calendar 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Jo-Ann Stores' board of directors.

If you are a shareholder of Jo-Ann Stores, 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 [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
[phone]
[phone]
[e-mail]
www.howardsmithlaw.com