First Brands Owner Wants Examiner to Expand Probe to Funders

Patrick James, the owner of bankrupt auto-parts supplier First Brands Group, is supporting the appointment of an independent examiner to look into the company’s collapse and its use of trade...

By Irene Garcia Perez · Bloomberg

Patrick James, the owner of bankrupt auto-parts supplier First Brands Group, is supporting the appointment of an independent examiner to look into the company’s collapse and its use of trade financing, but it asking for the scope to include claims against the third parties that provided off-balance sheet financing and factoring.