U.S. Bankruptcy Watchdog Calls for Independent Examiner in First Brands Collapse Investigation
The U.S. bankruptcy watchdog has requested an independent investigation into First Brands’ collapse, citing potential management misconduct. The auto parts manufacturer faces allegations of financial irregularities including missing billions from company accounts.
Government Watchdog Seeks Independent Probe
The U.S. government’s bankruptcy watchdog has formally requested an independent examination of First Brands Group, according to recent court filings. The Office of the U.S. Trustee, a division of the U.S. Department of Justice that oversees bankruptcy proceedings, has asked a judge to appoint an examiner to investigate the auto parts manufacturer’s sudden collapse.
