BENSALEM, Pa., July 29 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all purchasers of the common stock of CIT Group Inc. ('CIT') (NYSE: CIT) between April 18, 2007 and March 5, 2008, inclusive (the 'Class Period'). The class action lawsuit was filed in the United States District Court for the Southern District of New York.

The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning CIT's business and financial condition, thereby artificially inflating the price of CIT stock.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased CIT common stock between April 18, 2007 and March 5, 2008, you have certain rights, and have until September 23, 2008 to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmithlaw@hotmail.com or visit our website at http://www.howardsmithlaw.com.

SOURCE Law Offices of Howard G. Smith