Court orders independent probe into First Brands fraud allegations

Core Viewpoint - A U.S. bankruptcy judge has ordered an independent investigation into First Brands, an auto parts maker, with a budget of $7 million to examine allegations of fraud related to the company's use of third-party financing for customer invoices [1] Group 1 - The investigation is focused on allegations of fraud involving the financing practices of First Brands [1] - The allocated budget for the investigation is $7 million [1]