First Brands Group, LLC

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Case Number:

4:25-bk-90399

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 29, 2026

    First Brands Can Tap $48M From Ford, GM In Bid For Survival

    A Texas bankruptcy judge signed off Thursday on auto parts maker First Brands Group's $48 million in financing from Ford, General Motors, Harley-Davidson and other customers, funds the debtor called a "lifeline" that averted a liquidation of the embattled business.

  2. January 29, 2026

    Former First Brands Execs Indicted On Fraud Charges

    Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.

  3. January 28, 2026

    First Brands Needs Court OK On $48M From Ford, GM, Polaris

    Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the funds to stay afloat after running out of debtor-in-possession financing. 

  4. January 22, 2026

    First Brands Lifts Stay, Keeps Affiliate Cases Alive In Deal

    Counsel for car parts maker First Brands told a Texas bankruptcy judge Thursday it agreed to lift the automatic stay of its Chapter 11 case to allow certain lenders to access around $250 million of inventory collateral, under an agreement that also resolved a motion to dismiss the bankruptcies of debtor-affiliated special purpose vehicles.

  5. January 13, 2026

    First Brands Gets Feb. Hearing On Factoring Funds

    A Texas bankruptcy judge said Tuesday he will hold a hearing in early February to determine if auto parts maker First Brands can tap into millions of dollars in cash entangled in its pre-Chapter 11 financing arrangements.

  6. January 09, 2026

    First Brands Sues Ex-CEO's Brother, Lender For $2.9B Fraud

    First Brands sued former board member Edward James and Utah-based company Onset Financial Inc. in Texas bankruptcy court Friday, alleging he operated as Onset's "secret partner" to rig contracts between First Brands and Onset that let them reap triple-digit returns and $2.9 billion in cash.

  7. January 07, 2026

    First Brands' Ex-Execs Can Tap Only Some D&O Coverage

    A Texas bankruptcy judge Wednesday allowed former First Brands executives to access about half of the company's directors and officers insurance to help pay for their legal fees as they face misconduct claims, ruling that the remainder of the proceeds are property of the car parts maker's bankruptcy estate.

  8. January 02, 2026

    First Brands Creditors Slam Ex-Execs' Bid For D&O Coverage

    Creditors of auto parts maker First Brands Group have asked a Texas bankruptcy judge to stop the company's former CEO and other executives from retreating into a "fortress" of corporate insurance in the face of misconduct claims over missing funds totaling hundreds of millions of dollars.

  9. December 22, 2025

    First Brands Can Access $60M In 'Trapped' Funds

    A Texas bankruptcy judge said Monday that auto-parts maker First Brands Group can access about $60 million in cash held by customers or stuck in segregated accounts, while setting up a January hearing to handle the debtor's proposed process to reconcile $3 billion in third-party factoring agreements with pending invoices.

  10. December 19, 2025

    Boies Schiller Partner Pitched As First Brands Examiner

    A Boies Schiller Flexner LLP partner with experience in matters spanning from asset recovery to international investigations and high-wire global matters has been tapped to probe the bankruptcy of auto parts maker First Brands Group as a Chapter 11 examiner.