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.

Related

Sections

Case Information

Case Title

CIT Group Inc.


Case Number

1:09-bk-16565

Court

New York Southern

Nature of Suit

Date Filed

November 1, 2009

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.