First Brands moves ahead with liquidation plan

A U.S. bankruptcy judge in Houston said on Friday bankrupt auto parts maker First Brands could move ahead with a liquidation ...

Western Alliance stock falls after Jefferies sues over First Brands debacle

Western Alliance Bancorporation (WAL) stock dipped 3.1% in Thursday afternoon trading after Jefferies Financial Group (JEF) sued the company for freezing a $25M account after the collapse of auto ...
Yahoo Finance

First Brands reaches global settlement, liquidation plan after market-rocking bankruptcy

First Brands Group on April 29 filed a proposed reorganization plan and disclosure statement with the Houston bankruptcy court overseeing its Chapter 11 proceedings, court filings show. The company ...
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Doomed auto parts companies from First Brands bankruptcy just got saved

The saga surrounding the First Brands bankruptcy is far from over, with criminal action and civil lawsuits against its former executives well under way. But many of its most famous intellectual ...
Transport Topics

First Brands Lender Can’t Dispense Cash From Inventory Sales

A U.S. bankruptcy judge on June 17 ordered Aequum Capital Financial II to escrow proceeds from First Brands’ inventory sales amid a dispute with Bank of America. The ruling stems from competing claims ...

Reporter, The Wall Street Journal

Alicia McElhaney covers financial distress and restructuring for The Wall Street Journal and WSJ Pro Bankruptcy. She is based in New York.
Bloomberg L.P.

First Brands Lender Can’t Distribute Cash From Bankruptcy Sales

Aequum Capital Financial II is temporarily barred from distributing any cash it collects from the inventory sales taking place as part of bankrupt auto-parts supplier First Brands’ liquidation, a ...