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...
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Case Title

CIT Group Inc.


Case Number

1:09-bk-16565

Court

New York Southern

Nature of Suit

Date Filed

November 1, 2009

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