First Brands’ Official Creditor Committee Includes Top Foe (1)

The official committee of unsecured creditors in First Brands Group’sinsolvency case includes an affiliate to Raistone, one of the fiercest critics of the bankrupt auto-parts supplier, according to a Thursday court filing.

Raistone, which provides short-term financing and relied on First Brands for more than 80% of its revenue, has demanded a court-appointed examiner investigate First Brands, claiming in court papers that as much as $2.3 billion “simply vanished” from the company.

The US Trustee, which acts as a watchdog in corporate bankruptcy cases, named nine unsecured creditors to a court-supervised committee of creditors. The panel ...