First Brands Creditors Hire Firm That Probed FTX Bankruptcy

First Brands creditors have hired a financial-investigations firm that probed fraud-tainted crypto exchange FTX to aid an examination of the off-balance sheet financing the auto-parts supplier relied on before filing bankruptcy.

The committee representing First Brands unsecured creditors said in a Wednesday court filing that it has retained Nardello & Co. to analyze funds that flowed through factoring and other financing arrangements involving the company. Nardello, retained on Dec. 1, was also hired to probe accounts and corporate entities controlled by First Brands founder Patrick James and other corporate insiders, according to court documents.

Nardello is described as a global ...