Archive · 6 Jan 2026

Jefferies Seeks to Question First Brands Founder

Jefferies Seeks to Question First Brands Founder

Jefferies Financial Group wants to question Patrick James, the founder of First Brands, under oath.

James has said he might use his Fifth Amendment right to avoid answering questions because of a federal criminal investigation.

Jefferies argues that James can't avoid the deposition just because he might plead the Fifth.

First Brands has accused James of misusing company money and selling fake invoices.

Jefferies and others are investigating the company's bankruptcy.

James says he has done nothing wrong and has no relevant information.

A judge will decide on Tuesday whether James has to answer questions.

Sources