An investigation for investors in CIT Group Inc. (NYSE:CIT) shares over potential securities laws violations by CIT Group Inc. was announced and NYSE:CIT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/08/2017 -- CIT Group Inc is under investigation over potential securities laws violations. The investigation was announced for investors in NYSE:CIT share in connection certain financial statements made by CIT Group Inc.
Investors who purchased shares of CIT Group Inc. (NYSE:CIT), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by CIT Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Livingston, NJ based CIT Group Inc. is a bank holding company, that, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world.
On March 1, 2017 CIT Group Inc disclosed that it is unable to file its Annual Report on Form 10-K for the period ended December 31, 2016 by the prescribed deadline (March 1, 2017) without unreasonable effort or expense. CIT Group Inc said it is revising its financial statements for certain immaterial errors that impact the financial statements for the years ended December 31, 2015 and 2014 as well as each of the quarters for the years ended December 31, 2016 and 2015.
On March 7, 2017, NYSE:CIT shares closed at $42.32 per share.
Those who purchased shares of CIT Group Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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