First Brands Accuses Ex-CEO Of 'Brazen' Theft Of Millions

By Emily Lever · November 4, 2025, 6:26 PM EST

Bankrupt auto parts company First Brands has sued its founder and ex-CEO, saying he "lined his pockets" with hundreds of millions and possibly billions of dollars in company money, draining its...

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Bankruptcy Scorecard

Summary

First Brands Group filed for Chapter 11 bankruptcy in Texas bankruptcy court with between $10 billion and $50 billion in debt.

Case Number

4:25-bk-90399

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

between $10 billion and $50 billion

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Documents

Related Sections

Case Information

Case Title

First Brands Group Holdings, LLC

Case Number

4:25-bk-90397

Court

Texas Southern

Nature of Suit

Date Filed

September 28, 2025

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