First Brands Wins Second Chance to Pursue Liquidation Proposal

Bankrupt auto-parts maker First Brands can try, for the second time, to win court approval for a creditor vote of a proposal to raise money through lawsuits against the company’s...

By Steven Church, Owen McCarthy · Bloomberg Markets

Bankrupt auto-parts maker First Brands can try, for the second time, to win court approval for a creditor vote of a proposal to raise money through lawsuits against the company’s former top officers and lenders, a judge said Monday.