First Brands Group LLC is facing serious scrutiny as a newly formed board committee investigates its use of approximately $2.3 billion in off-balance-sheet financing. This revelation has raised significant concerns among investors, especially as the company has recently entered bankruptcy. The investigation highlights the potential risks and lack of transparency in financial practices, which could have broader implications for the auto-parts industry and investor confidence.

The ongoing bankruptcy probe into First Brands is raising serious concerns as a special committee investigates whether the auto parts group improperly pledged invoices multiple times. This scrutiny is crucial because it could reveal significant financial mismanagement and impact stakeholders, including creditors and employees, who rely on the company's stability.