CIT GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CIT Group Inc. – CIT

NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CIT Group Inc. (NYSE: CIT) to First Citizens BancShares, Inc. (NasdaqGS: FCNCA). Under the terms of the proposed transaction, shareholders of CIT will receive only 0.0620 shares of First Citizens for each share of CIT that they own. KSF is seeking to determine whether this consideration and the process that le