First Brands accuses former CEO of misappropriating millions, perhaps billions
By Devika Madhusudhanan Nair (Reuters) – Bankrupt First Brands sued its former CEO and founder Patrick James on Monday, accusing him of orchestrating frauds that left the U.S. auto parts maker insolvent. James enriched himself and his family by “misappropriating hundreds of millions (if not billions) of dollars from First Brands,” the company said in…