CIT Bank Fraud Suit Paused by Whistleblower’s Document Claims

CIT Bank NA must produce by Nov. 5 several categories of documents a whistleblower says are relevant to his False Claims Act suit alleging federal mortgage assistance fraud, or else explain why it can’t locate them, a Texas district court ruled.

Whistleblower Andrew Mitchell showed how the information sought could influence one of CIT Bank’s pending summary judgment motions, Judge Amos L. Mazzant III of the U.S. District for the Eastern District of Texas said in a Monday order deferring a ruling pending further discovery.

Mitchell alleges CIT Bank, doing business as OneWest Bank and CIT Group Inc., submitted false ...