Court orders independent probe into First Brands fraud allegations
Fram engine air filters, manufactured by the auto parts maker First Brands, are displayed for sale in Medford, Massachusetts, U.S., October 21, 2025. REUTERS/Brian Snyder/File Photo/ NEW YORK (Reuters) -A U.S. bankruptcy judge on Wednesday ordered an independent investigation into auto parts maker First Brands, allocating a $7 million budget to probe allegations of fraud involving the company' s use of third-party financing for customer invoices. U.S. Bankruptcy Judge Christopher Lopez in Houston, who is overseeing the bankruptcy, did not ...
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