Auto-parts supplier is trying to sell business units, with Ford submitting bids for some of them, and faces an April 30 ...

By Dietrich Knauth NEW YORK, Feb 27 (Reuters) - Bankrupt auto parts maker First Brands is close to a settlement with its ...

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

First Brands disclosed the layoffs in a WARN (Worker Adjustment and Retraining Notification) Act notice filed with the state of Ohio on Monday, Feb. 23. The notice said 146 workers were dismissed that ...

Jefferies (JEF) faces investor lawsuit over Point Bonita fund losses tied to First Brands fraud and bankruptcy.

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 ...

The indictment, unsealed in a federal courthouse in New York on Thursday, accuses Patrick James and Edward James of ...

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

The company’s former CEO Patrick and his brother Edward James have been accused of bankrupting the company while engaging in ...

A former First Brands Group executive told a judge last month that he falsified financial statements, inflated invoices and double-pledged collateral to help the auto-parts supply firm get billions of ...

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

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