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6 Nov 2009, 7:43 am
Chicago Partner Michael Gesas has been interviewed by various media outlets regarding the CIT Group, Inc. filing for Chapter 11 bankruptcy protection. [read post]
3 Nov 2009, 7:21 pm
On November 2, 2009, CIT Group, Inc., a leading provider of financing to small businesses and middle market companies, filed for bankruptcy in the United States Bankruptcy Court for the Southern District of New York. [read post]
3 Nov 2009, 5:02 pm
CIT funds some 1 million businesses. [read post]
3 Nov 2009, 10:36 am
On the heels of bad news for small businesses with the bankruptcy of CIT Group Inc. comes news from The Wall Street Journal that business bankruptcy filings rose 7% in October, after falling for several consecutive months. [read post]
2 Nov 2009, 5:55 am
WSJ's Mike Spector tells Dennis Berman while it's rare for financial firms to come out of Chapter 11, CIT might be the exception to the rule. [read post]
1 Nov 2009, 11:15 am
The CIT Group filed for bankruptcy protection, a humbling event for the 101-year-old lender, but one expected to keep the company running. [read post]
1 Nov 2009, 5:08 am
The conditions for consummating the exchange offers were not met.Accordingly, CIT's Board of Directors approved the Company to proceed with the voluntary filings for CIT Group Inc. and CIT Group Funding Company of Delaware LLC with the U.S. [read post]
30 Oct 2009, 3:00 pm
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30 Oct 2009, 10:47 am
The CIT Group on Friday said it has settled its dispute with the financier Carl C. [read post]
28 Oct 2009, 1:31 pm
CIT Group rebuffed the activist investor in obtaining yet another emergency loan to stay alive. [read post]
28 Oct 2009, 10:39 am
The CIT Group on Wednesday said that it had accepted a $4.5 billion loan from a group of investors that includes some of its biggest bondholders, shunning a similar offer by the financier Carl C. [read post]
26 Oct 2009, 5:17 am
The CIT Group has extended and sweetened its debt exchange offer in an effort to stave off an uncontrolled bankruptcy, the troubled lender said in a regulatory filing on Monday. [read post]
16 Oct 2009, 8:47 pm
The CIT Group, the troubled lender, said late Friday it was sweetening the terms of its restructuring plan, in an attempt to persuade more of its bondholders to exchange their holdings and ease the company's burden. [read post]
2 Oct 2009, 3:41 pm
CIT Group filed a last-minute restructuring plan that will keep the massive lender in business. [read post]
2 Oct 2009, 7:14 am
Tax gross-ups were a contributing factor at Sandisk and Equifax, and helped fuel more than 20 percent opposition at AT&T, Agilent Technologies, AK Steel, CIT Group, and Eli Lilly. [read post]
29 Sep 2009, 7:16 am
[Cit.] [read post]
11 Sep 2009, 3:00 pm
Secretary Wells also practiced corporate law for many years with several major corporations including New Jersey Bell Telephone Company, Bell Communications Research, Inc. and The CIT Group. [read post]
20 Aug 2009, 7:36 am
Vincent DeVito, a managing director of CIT Group Inc., was found taping the meeting without the knowledge or permission of everyone in the room, a violation of Pennsylvania law. [read post]
14 Aug 2009, 1:41 am
Financial Regulatory Structure Challenge Federal Oversight and Enforcement Efforts (PDF 1.1 MB)GAO Report to Congressional Requesters08/13/2009
Report: Medicare Experience Suggests Americans Should Expect Massive Fraud With Nationalized Health Care (PDF 144 KB)Prepared by the Minority Staff of the House Oversight and Government Reform Committee08/13/2009
Written Agreement Between the Federal Reserve and CIT Group (PDF 52 KB)Prepared by the Board of… [read post]
11 Aug 2009, 5:13 am
CIT Group, the 101-year-old commercial lender trying to avoid collapse, said bondholders do not plan to push for a bankruptcy filing. [read post]
