United States Regional Bank Western Alliance Files Lawsuit Against Investment Bank Jefferies Financial Group & Unit Leucadia Asset Management (Point Bonita Capital) for $126.4 Million Loan Linked to United States-Based Automotive Parts Company Bankrupt First Brands Group with $11.5 Billion Debts
7th March 2026 | Hong Kong
United States regional bank Western Alliance has filed a lawsuit against investment Bank Jefferies Financial Group & unit Leucadia Asset Management (Point Bonita Capital) for $126.4 million loan linked to United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debt. In 2025 November, the United States Securities and Exchange Commission (SEC) started investigating investment bank Jefferies (Leucadia Asset Management, Point Bonita Capital) over disclosures of relationship with now-bankrupt First Brands Group ($11.5 billion debts) in credit fund which held $715 million receivables of First Brands Group. In 2026 February, United States working capital fintech Raistone was reported to be preparing to wind down after collapsed of sale discussion with Marblegate Asset Management in 2026 January. Raistone was reported to have at least $856 million loan exposure to United States-based automotive parts company bankrupt First Brands Group ($11.5 billion debt). In 2026 January, United States-based automotive parts company bankrupt First Brands Group court appointed litigator (Martin De Luca) will be investigating alleged fraud, and First Brands has filed a lawsuit against founder Malaysia-born Patrick James’ brother Edward James (ex-First Brands executive & largest creditor via Onset Financial) for multi-billion fraud on creditors by rigging contracts with more than 100% returns & obtaining $2.9 billion cash. In 2026 January, First Brands Group with $11.5 billion debt has started the process to sell the business targeting to complete the sale by 2026 Q1 to exit Chapter 11 Bankruptcy, and is in talks to secure additional debtor-in-possession financing. In 2025 December, First Brands Group was seeking $800 million financing to continue operations in ongoing restructuring process after filing for Chapter 11 Bankruptcy in 2025 September. In 2025 November, the United States Securities and Exchange Commission (SEC) started investigating investment bank Jefferies (Leucadia Asset Management, Point Bonita Capital) over disclosures of relationship with now-bankrupt First Brands Group ($11.5 billion debts) in credit fund which held $715 million receivables of First Brands Group. In 2025 November, United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debts founder Malaysia-born Patrick James regained control of his frozen personal bank accounts after the court hearing. In 2025 November, First Brands Group liquidators (3/11/25 court filing) have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
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United States-Based Automotive Parts Company Bankrupt First Brands Group Court Appointed Litigator (Martin De Luca) to Investigate Alleged Fraud, First Brands Lawsuit Filed Against Founder Malaysia-Born Patrick James Brother Edward James (ex-First Brands Executive & Largest Creditor via Onset Financial) for Multi-Billion Fraud on Creditors by Rigging Contracts with More than 100% Returns & Obtaining $2.9 Billion Cash, Founder Patrick James Accused of Misappropriating $700 Million, Raised Funds with Non-Existent & Falsified Invoices, Bought 17 Exotic Cars, Bought Properties in Malibu & Hamptons, Paid $500,000 for Private Celebrity Chef in 2025, Paid $3 Million Rental for New York City Townhouse
10th January – United States-based automotive parts company bankrupt First Brands Group court appointed litigator (Martin De Luca) will be investigating alleged fraud, and First Brands has filed a lawsuit against founder Malaysia-born Patrick James’ brother Edward James (ex-First Brands executive & largest creditor via Onset Financial) for multi-billion fraud on creditors by rigging contracts with more than 100% returns & obtaining $2.9 billion cash. In 2026 January, First Brands Group with $11.5 billion debt has started the process to sell the business targeting to complete the sale by 2026 Q1 to exit Chapter 11 Bankruptcy, and is in talks to secure additional debtor-in-possession financing. In 2025 December, First Brands Group was seeking $800 million financing to continue operations in ongoing restructuring process after filing for Chapter 11 Bankruptcy in 2025 September. In 2025 November, the United States Securities and Exchange Commission (SEC) started investigating investment bank Jefferies (Leucadia Asset Management, Point Bonita Capital) over disclosures of relationship with now-bankrupt First Brands Group ($11.5 billion debts) in credit fund which held $715 million receivables of First Brands Group. In 2025 November, United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debts founder Malaysia-born Patrick James regained control of his frozen personal bank accounts after the court hearing. In 2025 November, First Brands Group liquidators (3/11/25 court filing) have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
United States-Based Automotive Parts Company Bankrupt First Brands Group with $11.5 Billion Debts Starts Process to Sell Business Targeting to Complete Sale by 2026 Q1 to Exit Chapter 11 Bankruptcy & in Talks to Secure Additional Debtor-in-Possession Financing
8th January – United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debt has started the process to sell the business targeting to complete the sale by 2026 Q1 to exit Chapter 11 Bankruptcy, and is in talks to secure additional debtor-in-possession financing. In 2025 December, First Brands Group was seeking $800 million financing to continue operations in ongoing restructuring process after filing for Chapter 11 Bankruptcy in 2025 September. In 2025 November, the United States Securities and Exchange Commission (SEC) started investigating investment bank Jefferies (Leucadia Asset Management, Point Bonita Capital) over disclosures of relationship with now-bankrupt First Brands Group ($11.5 billion debts) in credit fund which held $715 million receivables of First Brands Group. In 2025 November, United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debts founder Malaysia-born Patrick James regained control of his frozen personal bank accounts after the court hearing. In 2025 November, First Brands Group liquidators (3/11/25 court filing) have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
United States-Based Automotive Parts Company Bankrupt First Brands Group with $11.5 Billion Debts Seeks $800 Million Financing to Continue Operations in Ongoing Restructuring Process after Filing Chapter 11 Bankruptcy in 2025 September
20th December – United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debt is seeking $800 million financing to continue operations in ongoing restructuring process after filing for Chapter 11 Bankruptcy in 2025 September. In 2025 November, the United States Securities and Exchange Commission (SEC) started investigating investment bank Jefferies (Leucadia Asset Management, Point Bonita Capital) over disclosures of relationship with now-bankrupt First Brands Group ($11.5 billion debts) in credit fund which held $715 million receivables of First Brands Group. In 2025 November, United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debts founder Malaysia-born Patrick James regained control of his frozen personal bank accounts after the court hearing. In 2025 November, First Brands Group liquidators (3/11/25 court filing) have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
United States SEC Investigating Investment Bank Jefferies (Leucadia Asset Management, Point Bonita Capital) Over Disclosures of Relationship with Now-Bankrupt First Brands Group ($11.5 Billion Debts) in Credit Fund Which Held $715 Million Receivables of First Brands Group
28th November – The United States Securities and Exchange Commission (SEC) is investigating investment bank Jefferies (Leucadia Asset Management, Point Bonita Capital) over disclosures of relationship with now-bankrupt First Brands Group ($11.5 billion debts) in credit fund which held $715 million receivables of First Brands Group. In 2025 November, United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debts founder Malaysia-born Patrick James regained control of his frozen personal bank accounts after the court hearing. In 2025 November, First Brands Group liquidators (3/11/25 court filing) have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
United States-Based Automotive Parts Company Bankrupt First Brands Group with $11.5 Billion Debts Founder Malaysia-Born Patrick James Regained Control of Frozen Personal Bank Accounts, Accused of Misappropriating $700 Million, Raised Funds with Non-Existent & Falsified Invoices, Bought 17 Exotic Cars, Bought Properties in Malibu & Hamptons, Paid $500,000 for Private Celebrity Chef in 2025, Paid $3 Million Rental for New York City
15th November – United States-based automotive parts company bankrupt First Brands Group with $11.5 billion debts founder Malaysia-born Patrick James has regained control of his frozen personal bank accounts after the court hearing. In 2025 November, First Brands Group liquidators (3/11/25 court filing) have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
United States-Based Automotive Parts Company Bankrupt First Brands Group Liquidators Accused Founder Malaysia-Born Patrick James of Misappropriating $700 Million, Raised Funds with Non-Existent & Falsified Invoices, Bought 17 Exotic Cars, Bought Properties in Malibu & Hamptons, Paid $500,000 for Private Celebrity Chef in 2025, Paid $3 Million Rental for New York City Townhouse
7th November – United States-based automotive parts company bankrupt First Brands Group liquidators have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company Bankrupt First Brands Group Creditor (Raistone) Claims $2.3 Billion Disappeared from Company, UBS with More than $500 Million Exposure (via Funds) to First Brands Group & United States Banking Group Jefferies with $715 Million Exposure (via Fund) to First Brands Group, First Brands Group Facing Investigation for Potential Double Financing of Receivables with $2.3 Billion in Factoring Liabilities, Filed for Chapter 11 Bankruptcy with More than $10 Billion Liabilities & Obtained $1.1 Billion in Debtor-in-Possession Financing from 1st-Lien Lenders to Support Operations
10th October – Malaysia-born Patrick James United States-based automotive parts company bankrupt First Brands Group creditor (Raistone) has claimed $2.3 billion had disappeared from the company. UBS has been reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company First Brands Group Facing Investigation for Potential Double Financing of Receivables with $2.3 Billion in Factoring Liabilities, Filed for Chapter 11 Bankruptcy with More than $10 Billion Liabilities & Obtained $1.1 Billion in Debtor-in-Possession Financing from 1st-Lien Lenders to Support Operations, Patrick James Owns First Brands Group via Crowne Group Which Acquired Trico Products Corp in 2014 & Renamed to First Brands Group in 2020
1st October – Malaysia-born Patrick James United States-based automotive parts company First Brands Group is facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company First Brands Group Files for Chapter 11 Bankruptcy with More than $10 Billion Liabilities & Obtained $1.1 Billion in Debtor-in-Possession Financing from 1st-Lien Lenders to Support Operations, Patrick James Owns First Brands Group via Crowne Group Which Acquired Trico Products Corp in 2014 & Renamed to First Brands Group in 2020
30th September – Malaysia-born Patrick James United States-based automotive parts company First Brands Group has filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group is reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company First Brands Group to File for Chapter 11 Bankruptcy with $6 Billion Debt, Patrick James Owns First Brands Group via Crowne Group Which Acquired Trico Products Corp in 2014 & Renamed to First Brands Group in 2020
25th September – Malaysia-born Patrick James United States-based automotive parts company First Brands Group is filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
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