Jefferies reports new $10mn First Brands loss as it writes off exposure
Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier
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US securities watchdog is questioning what investors were told about exposure to the now-collapsed car parts group
First Brands financier says ‘a lot of people made a lot of money’ from bankrupt…
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Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar
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Some creditors want an independent trustee involved in car parts maker’s bankruptcy process