Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Gymboree Corporation (“Gymboree”) (NASDAQ: GYMB) and its Board of Directors in conjunction with the proposed buyout and acquisition of Gymboree by Bain Capital Partners, LLC. Under the terms of a definitive merger agreement announced on October 11, 2010, Gymboree shareholders will receive $65.40 in cash for each share of Gymboree common stock they hold. The transaction is valued at approximately $1.8 billion. Notably, the acquisition price represents only a 23.5% premium over Gymboree's closing stock price on October 8, 2010.

The firm’s investigation concerns whether the proposed acquisition properly values Gymboree. Specifically, the investigation seeks to determine whether the Gymboree Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.

Levetown & Jenkins, LLP is a national law firm comprised of former federal and state prosecutors with extensive experience in the investigation and prosecution of shareholder fraud. The firm specializes in the representation of investors in shareholder and securities fraud class actions. If you currently own shares of Gymboree and wish to obtain additional information about your rights as a shareholder, please contact Michael T. Harrison, Esq. at (877) 494-8808 or mharrison@levjen.com. For more information about the firm, please visit www.levjen.com.

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