First Brands was hit with a formal claim for $285.5 million related to allegations that it underpaid levies on parts imported from China.
May 26, 2026GovernmentBusinessEquipment
Feds Say Trustee Should Take Over First Brands Case
A trustee can complete the bankruptcy “at a fraction of the existing costs,” the U.S. Trustee said in its request to convert First Brands to a Chapter 7 case.
May 14, 2026GovernmentBusinessEquipment
First Brands Creditors Demand Separation of Advisers
Creditors demanded First Brands appoint separate advisers for units that issued $2.5 billion in off-balance-sheet debt, arguing conflicts of interest threaten the insolvency case.
November 13, 2025GovernmentBusinessEquipment
First Brands Founder Wins Control of Personal Bank Accounts
Patrick James' personal bank accounts were frozen last week as part of a lawsuit accusing him of siphoning large sums from the bankrupt auto parts supplier.
November 12, 2025GovernmentBusiness
Hedge Fund Seeks Reversal of Yellow Pension Claims
A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.
November 13, 2024