Sunday, November 1, 2009

News Alert: CIT Group Files for Bankruptcy

Breaking News Alert
The New York Times
Sun, November 01, 2009 -- 4:08 PM ET
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CIT Group Files for Bankruptcy

After months of efforts to stay alive, the company filed for
Chapter 11 -- but under a so-called prepackaged bankruptcy
plan that will enable it to emerge from court protection by
the end of the year.

Read More:
http://dealbook.blogs.nytimes.com/2009/11/01/cit-to-file-for-bankruptcy-soon?emc=na

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