First Brands Restructuring Tests Novel Tactic to Shuffle Creditors

The auto-parts supplier’s proposal bypasses most administrative creditors and pays DIP lenders, drawing scrutiny from the ...

Kevin Feige says Brand New Day is the first MCU Spider-Man movie to focus on the webslinger's "classic elements" by "living in a rather sad apartment"

The MCU's Spider-Man has already fought Thanos, met his multiverse selves, and taken on Robert Downey Jr.'s Iron Man as his ...

Ferrari’s first EV is here, and the Luce might be the brand’s most controversial car yet

Ferrari has unveiled the Luce, its first fully electric car, featuring 1,050HP, futuristic styling, advanced aerodynamics, ...

U.S. Accuses First Brands of Underpaying Tariffs

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 ...
Modern Distribution Management

U.S. Government Files $286M Tariff Claim Against Bankrupt Auto Parts Supplier First Brands

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

First Brands Hit With US Claim for Alleged Tariffs Fraud

The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands, in this instance for accusations the company cheated on how much it should have ...
Transport Topics

U.S. Files Claim Against First Brands, Alleging Tariff Fraud

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

A Skin Care Brand Tried to Run a Free Bus in Brooklyn. It Didn’t Last Long.

The Ordinary, a skin care brand, began running a free bus in Brooklyn between Domino Park on the Williamsburg waterfront and Prospect Park on Tuesday. The temporary shuttle, which ...
Transport Topics

Feds Say Trustee Should Take Over First Brands Case

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 ...
WTOL

First Brand executives from Ohio charged in alleged multibillion-dollar fraud scheme

CLEVELAND — Federal prosecutors say three Northeast Ohio men — including two brothers from Chagrin Falls and Canton — are facing sweeping fraud and money laundering charges tied to the collapse of a ...