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Bankrupt First Brands sued its founder, Patrick James. The lawsuit claims he improperly enriched himself at the expense of the auto parts supplier.
In the complaint against Patrick James, the bankrupt auto supplier claims $500,000 was spent on a private chef, $150,000 went toward a personal trainer and $3 million was used to rent a New York townhouse.
(Reuters) -Bankrupt First Brands on Monday sued its former chief executive and founder Patrick James, accusing him of orchestrating frauds that left the U.S. auto parts maker insolvent.
First Brands Group sued founder Patrick James for allegedly misappropriating hundreds of millions of dollars from the US automotive supplier which collapsed into bankruptcy in September.
First Financial Bancorp (Nasdaq: FFBC), the Cincinnati-based parent of First Financial Bank, said on Monday, Nov. 3, that it has completed its acquisition of Westfield Bancorp and its Northeast Ohio community bank subsidiary, Westfield Bank FSB.
The New York Jets appear to be tearing it all down on trade deadline day. Shortly after dealing star cornerback Sauce Gardner to the Indianapolis Colts, the team also traded three-time Pro Bowl defensive lineman Quinnen Williams to the Dallas Cowboys, per NFL Network's Tom Pelissero.
American woman elected to statewide office in the U.S. with her victory in the lieutenant governor's race, NBC News projects.
Doctor strikes have occurred before in Europe, but are a rarity in the U.S. and haven’t happened before in Minnesota.
FOXBOROUGH – K’Lavon Chaisson is living up to his first-round expectations. It just took a little bit longer for the edge rusher to develop. On Sunday, Chaisson notched another sack, giving him a career-high 5.5 on the season. After signing a 1-year contract with the Patriots, this 26-year-old is having the best season of his six-year NFL career.