People's Liberation, Inc. Announces Settlement with Specialty Retailer Charlotte Russe

LOS ANGELES, Feb. 9, 2011 /PRNewswire/ -- People's Liberation, Inc. (OTC Bulletin Board: PPLB), a leading provider of premium denim and branded apparel, announced today that is has settled and resolved the multiple pieces of litigation outstanding with Charlotte Russe Holding, Inc., without any admission of liability or wrongdoing by any of the parties to the actions. At Charlotte Russe's request, all parties have agreed to keep the terms of the settlement confidential. People's Liberation is pleased with the outcome of the litigation, and that the matter has been successfully concluded.

"We can now focus on the business at hand, and put this matter behind us," says People's Liberation CEO, Colin Dyne. "We want to thank all of our employees and vendors for their co-operation in this matter, as well as Rod Dorman and Marc Morris of Hennigan Dorman LLP and Lance Etcheverry of Skadden, Arps, Slate, Meagher & Flom, LLP, for their continued support and belief in the company."

ABOUT PEOPLE'S LIBERATION, INC.

Los Angeles-based People's Liberation Inc. (OTCBB:PPLB),  designs and distributes high-end casual apparel under the brand names "People's Liberation" "William Rast" and, in the United States, "J.Lindeberg." The majority of the merchandise the Company offers consists of premium denim, knits, wovens, leather goods, golf wear and outerwear for men and women. In the United States, William Rast and J.Lindeberg branded products are distributed to boutiques, specialty stores and better department stores, such as Nordstrom, Bloomingdales, Saks Fifth Avenue and Neiman Marcus. The Company also markets and sells J.Lindeberg branded collection and golf apparel through its retail stores in New York City, Los Angeles and Miami, and J.Lindeberg golf wear to green grass golf stores and boutiques in the United States. Internationally, in select countries, William Rast products are sold to better department stores and boutiques throughout the world, and in it's own free standing William Rast retail stores. The Company also sells merchandise on its websites, www.williamrast.com and the America section of www.jlindebergusa.com.

SOURCE People's Liberation, Inc.