December 18, 2025
Bitcoin mining company Rhodium received the go-ahead for its liquidation plan. The U.S. Trustee's Office suggested installing a Boies Schiller partner as the examiner in First Brands' Chapter 11 and asked that a European packaging maker's bankruptcy proposal be rejected.
December 15, 2025
A Texas bankruptcy judge on Monday agreed to schedule a two-week trial in First Brands' adversary case against former CEO Patrick James, saying he would hear in June the auto-parts maker's allegations that James' fraud led to the company's collapse.
December 08, 2025
A Texas bankruptcy judge on Monday allowed troubled auto-parts maker First Brands Group to hire restructuring advisers including Weil Gotshal & Manges LLP in its Chapter 11 case, rejecting calls from lenders that certain First Brands units should get separate professionals to avoid potential conflicts.
December 05, 2025
First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.
December 02, 2025
Bankrupt auto parts maker First Brands Group proposed a process to reconcile its third-party factoring agreements with pending invoices to help resolve a $3 billion question arising from the debtor's prepetition operations.
November 24, 2025
Auto parts company First Brands Group urged a Texas federal judge to let it lend $45 million in Chapter 11 financing to a foreign affiliate that isn't in bankruptcy, saying the business needs immediate funding to avoid becoming insolvent.
November 17, 2025
A Texas bankruptcy judge Monday said he plans to approve the appointment of an examiner for auto parts maker First Brands' Chapter 11, but held off on entering an order while parties decide the probe's scope and direction.
November 12, 2025
A Texas bankruptcy judge declined Wednesday to extend a temporary freeze on the assets of First Brands' former CEO, finding that while the auto parts company's allegations of fraud are serious, the threat of irreparable injury was "speculative and not imminent."
November 10, 2025
A Texas bankruptcy judge said Monday he will rule this week on First Brands Group's request to extend a freeze on its former CEO's assets as the troubled auto parts company seeks to recover hundreds of millions of dollars it says the executive misappropriated to pay for lavish houses and a celebrity chef.
November 07, 2025
A Texas bankruptcy judge signaled Friday that the investigation required in the bankruptcy case of auto parts maker First Brands might be as complex as that of FTX Trading Ltd. as he fielded calls for a Chapter 11 examiner.