The U.S. government accused First Brands Group of tariff fraud, alleging the bankrupt auto-parts supplier undervalued imported goods from China to avoid paying higher duties.

The U.S. government says bankrupt supplier First Brands underpaid tariffs on imported goods for years, adding another major ...

First Brands was hit with a formal claim for $285.5 million related to allegations that it underpaid levies on parts imported from China.

NEW YORK (Reuters) -U.S. auto parts maker First Brands filed for bankruptcy protection on Monday after disclosing liabilities exceeding $10 billion, marking the collapse of a company whose rapidly ...

An auto parts maker that laid off 1,200 in Ohio as its CEO faces fraud charges is now targeting 350 jobs outside Ohio. Here's ...

The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands, in ...

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 ...

The U.S. is accusing First Brands Group of tariff fraud, claiming the bankrupt auto-parts supplier undervalued imported goods from China to avoid paying higher duties. The Justice Department is ...

A newly appointed First Brands Group LLC board committee is investigating the company's use of roughly US$2.3bil in ...

You know the phrase: Cash is king. Never is it truer than in the early days of Chapter 11 bankruptcy. If you make asset-based loans secured by accounts receivable, you need to understand what happens ...

Bankrupt auto parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced advisers ...