17 Oct 2025 | 3 Mins Read
US Watchdog Seeks Probe of First Brands
Flipitmoney
US Trustee asks judge to appoint examiner to investigate First Brands' collapse, citing "ample grounds to suspect actual fraud." The company's creditors, including Raistone, have reported $2.3 billion in missing funds, and First Brands has $11.6 billion in liabilities. The examiner will provide transparency and credibility, unlike company insiders.