First Brands examiner highlights over USD 700m in transfers to former CEO Patrick James, but James says findings are ‘one-sided’

By Taylor Harrison

Tuesday, April 28, 2026

Preliminary findings suggest claims for substantive consolidation, veil piercing; James says in response that transfers were not concealed, appeared in company ledger

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Distressed Default North America

Related Stories

Funds

more stories...