Law360, New York (November 03, 2009) -- Bankrupt commercial lender CIT Group Inc. won approval Tuesday to immediately tap $125 million of a debtor-in-possession loan through Bank of America Corp., as part of its package of first-day motions seeking to sustain operations during a speedy restructuring effort.
Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York signed off on CIT's routine first-day motions during a hearing Tuesday, giving it access to...
