CIT Renews Push To Stay $190M Tyco Tax Claim Amid Appeal

Law360, New York (February 14, 2012, 7:22 PM EST) -- CIT Group Inc. and Tyco International Ltd. on Tuesday continued to war over whether Tyco's $190 million tax claim against the reorganized business lender should be arbitrated, with a New York bankruptcy judge refusing to rule just yet.

After hearing dueling motions — CIT's motion for an injunction pending appeal and former parent Tyco's motion to compel arbitration — U.S. Bankruptcy Judge Allan L. Gropper declined to issue a decision on the matter until he could familiarize himself more with the issue.

“As far as I...
To view the full article, register now.