First Brands founder Patrick James steps down as CEO
Charles Moore of Alvarez & Marsal to become ‘interim chief executive’ as well as chief restructuring officer
Charles Moore of Alvarez & Marsal to become ‘interim chief executive’ as well as chief restructuring officer

Car parts maker’s rapid downfall has raised concerns of widespread losses on Wall Street

Collapse of automotive parts supplier puts spotlight on arcane practice of working capital finance

Patrick James borrowed billions — even after presiding over a string of failed businesses

CEO’s brother Edward also enters not guilty plea to fraud and conspiracy counts

Veteran dealmaker will become executive chair of investment bank

US bankruptcy judge finds group had not shown sufficient evidence for injunction blocking Patrick James from bank accounts