First Brands' creditor says $2.3 billion 'simply vanished', seeks probe

Oct 8 - Raistone, a creditor of First Brands, asked a court on Wednesday to appoint an independent examiner, claiming that as much as $2.3 billion "simply vanished" from the bankrupt auto parts supplier.

First Brands filed for bankruptcy protection last month after its lenders began investigating irregularities in the company's financial reporting. The company has $11.6 billion in total liabilities, according to the court documents.