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ap

Correction: CIT Group bankruptcy story

  • On 1:38 pm EST, Thursday November 5, 2009

WASHINGTON (AP) -- In a Nov. 1 story about CIT Group's bankruptcy filing, The Associated Press erroneously reported that Brandes Investment Partners LP holds 9.7 percent of CIT Group's common stock. CIT's Chapter 11 filing lists Brandes as a shareholder as of Feb. 15, but a spokesman for the firm said Brandes sold all of its clients' positions in CIT during the middle of the year.

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