First Brands Sues Ex-CEO's Brother, Lender For $2.9B Fraud

By Alex Wittenberg · January 9, 2026, 5:09 PM EST

First Brands sued former board member Edward James and Utah-based company Onset Financial Inc. in Texas bankruptcy court Friday, alleging he operated as Onset's "secret partner" to rig contracts between First...

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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, LLC

Case Number

4:25-bk-90399

Court

Texas Southern

Nature of Suit

Date Filed

September 28, 2025

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