Bankrupt auto-parts maker First Brands can try, for the second time, to win court approval for a creditor vote of a proposal to raise money through lawsuits against the company’s former top officers and lenders, a judge said Monday.
US Bankruptcy Judge Christopher Lopez agreed to hold a hearing on the vote request on Friday, June 12. On the same day, he is also scheduled to hear arguments about whether to replace the authors of the lawsuit proposal — the company’s current managers — with a so-called Chapter 7 Trustee. Should Lopez choose the Chapter 7 Trustee option, the company’s ...
