First Brands founder indicted for fraud in New York amid D&O dispute over bankruptcy | The Insurer

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First Brands founder indicted for fraud in New York amid D&O dispute over bankruptcy | The Insurer The Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Data Hub Sign in Subscribe Articles Region London Market Europe US / Americas Bermuda Asia Pacific Topics Broking Casualty Cyber ILS InsurTech and innovation Legacy Legal/ Regulatory Lloyd’s Losses M&A Parametric People Moves Property catastrophe Results Specialty Events & Conferences Events Content Types News Analysis Viewpoint Commentary Interview News Analysis Commentary Viewpoint Interview Events Videos First Brands founder indicted for fraud in New York amid D&O dispute over bankruptcy By Isha Marathe Published: Thu 29 Jan 2026 Federal prosecutors charged First Brands' chief executive and founder, Patrick James and his brother Edward James, for allegedly defrauding lenders out of billions of dollars before the auto parts supplier went bankrupt in an indictment unsealed on Thursday in Manhattan federal court.

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