Other financial firms, including Nomura, SouthState Bank, hedge fund manager O’Connor, and CIT Group, have also been linked to First Brands.
Traffic enters lower Manhattan after crossing the Brooklyn Bridge in New York on Feb. 8, 2024. Bebeto Matthews/AP Photo
Jefferies’ Point Bonita Capital fund is facing financial risk due to $715 million in unpaid invoices from collapsed global aftermarket auto parts supplier First Brands.
First Brands Group filed for Chapter 11 bankruptcy protection on Sept. 29 in the United States Bankruptcy Court for the Southern District of Texas, citing substantial debt and liquidity shortages.
