First Brands executives from Northeast Ohio charged in alleged multibillion-dollar fraud scheme

Three Northeast Ohio men, including two brothers, face charges tied to a fraud that led to the collapse of First Brands Group ...

First Brands founder Patrick James charged with defrauding Wall Street of billions

Federal prosecutors charged the auto-parts tycoon with defrauding lenders to his now-bankrupt company.

First Brands founder charged with fraud that wiped out billions

Its founder Patrick James and his brother engaged in a series of schemes to defraud the company’s lenders and financing partners, according to the federal indictment.

First Brands ex-CEO and brother arrested for $9B fraud scheme

They face nine federal charges, including wire fraud and money laundering, for allegedly operating the auto parts supplier as ...

First Brands founder indicted for fraud after bankruptcy that hit lenders, Ford, GM

By Jonathan Stempel NEW YORK, Jan 29 (Reuters) - The founder of First Brands has been indicted by federal prosecutors for ...
Hoodline

First Brands Group Executives Indicted in Manhattan for Alleged Multibillion-Dollar Fraud Scheme

Patrick and Edward James were arrested in Ohio on charges including fraud and money laundering linked to First Brands Group's ...

Ford and General Motors in talks with First Brands over rescue financing, FT reports

Jan 26 (Reuters) - Ford and General Motors are in negotiations with bankrupt car parts supplier First Brands Group over a ...

First Brands Group Commences Wind Down of North American Brake Parts Inc., Cardone, and Autolite Business Units

All Other Business Units Continue to Operate as Company Pursues Strategic Sale Transactions Across Its Portfolio of Market-Leading Products and Brands ...
Morningstar

First Brands Group Secures Court Approval for Immediate Access to Full $1.1 Billion in Debtor-in-Possession Financing to Advance Restructuring

First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that it has received final approval from the U.S. Bankruptcy Court ...
Business Wire

First Brands Advances Business Stabilization Initiatives and Long-Term Paths to Create Value and Drive Growth

Executing significant performance improvement opportunities, including targeted cost reductions, supply chain enhancements, and category-specific profitability initiatives. These efforts, guided by ...