UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 10, 2003
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CIT GROUP INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-1861 65-1051192
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1 CIT Drive
Livingston, New Jersey 07039
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(Address of registrant's principal executive office)
Registrant's telephone number, including area code (973) 740-5000
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events and Required FD Disclosure.
On April 10, 2003, a putative class action lawsuit, asserting claims under
the Securities Act of 1933, was filed in the United States District Court for
the Southern District of New York against CIT, its Chief Executive Officer and
its Chief Financial Officer. The lawsuit contains allegations that the
registration statement and prospectus prepared and filed in connection with
CIT's July 2002 initial public offering were materially false and misleading,
principally with respect to the adequacy of CIT's telecommunications-related
loan loss reserves at the time. The lawsuit purports to be brought on behalf of
all those who purchased CIT common stock in or traceable to the initial public
offering, and seeks, among other relief, unspecified damages or rescission for
those alleged class members who still hold CIT stock and unspecified damages for
other alleged class members. As is common in cases like this, additional
substantially similar lawsuits have also been filed.
CIT believes that the allegations in each of these actions are without
merit and that its disclosures were proper, complete and accurate. CIT intends
to vigorously defend against these actions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CIT GROUP INC.
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(Registrant)
By: /s/ Joseph M. Leone
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Joseph M. Leone
Executive Vice President &
Chief Financial Officer
Dated: April 22, 2003
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