CIT Group Inc’s bankruptcy case was reassigned on Monday
NEW YORK (Reuters) – CIT Group Inc’s bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier.
A courtroom deputy for Gropper said Gerber recused himself from the case. The deputy did not give a reason for the recusal. Gerber’s chambers had no immediate comment.
CIT, a source of financing to about one million small and mid-sized businesses, filed for Chapter 11 protection from creditors on Sunday after gathering support from most of its bondholders for its “prepackaged” reorganization.
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