First Brands Judge Halts Creditor Talks in Push to Resolve Case

A federal judge ordered an early end to First Brands Group’s confidential talks with lenders, telling the various negotiating groups that it was time for them to make their final offers on how to ...

Autolite, Stoptech, Fram and more upended by parent company’s bankruptcy

Some well-known automotive brands are in dire straits. First Brands Group, LLC, a conglomerate company that owns popular ...

First Brands mulls placing some units into Chapter 7 liquidation

First Brands Group and some of its creditors are weighing a shift of some of its units into the Chapter 7 bankruptcy ...

Trade Financer Raistone to Liquidate After First Brands Blowup

Raistone Capital, a trade finance firm that was done in by the collapse of auto parts supplier First Brands Group, filed for liquidation on Monday, weeks after winding down its operations.

First Brands Lender Onset Says It Was Misled by Auto-Parts Supplier

The financing firm countersued First Brands, saying the bankrupt company owes it more than $2 billion.
CarBuzz

Major Performance Brake Company Killed In First Brands Auto Parts Bankruptcy

Pour one out for yet another notable aftermarket parts provider. StopTech, a division of Centric Parts known for performance ...

First Brands founder Patrick James and his brother indicted for fraud

The nine-count indictment contains charges including running a continuing financial crimes enterprise, bank fraud, wire fraud ...
GM Authority

GM Held ‘Urgent’ Supplier Meeting Over First Brands Bankruptcy Exposure

GM held what is characterized as an urgent call with suppliers last week to address potential exposure tied to the bankruptcy ...
CarBuzz on MSN

GM Holds Unconventional Supplier Call Amid First Brands Bankruptcy

Automobile production is reportedly unaffected by the part's giant's financial woes.
AOL

The founder of First Brands, whose bankruptcy rattled Wall Street, charged in multibillion-dollar fraud

The founder of an auto parts company whose bankruptcy rattled Wall Street and prompted a debate about private credit has been charged with fraud. Manhattan federal prosecutors on Thursday charged ...
Crain's Detroit Business

GM calls 'urgent' supplier meeting over First Brands exposure

General Motors Co. held an “urgent” supplier call Friday, during which it directed its supply base to assess its exposure to auto parts company First Brands Group — whose financial implosion was ...