The inquiry follows a series of reports surrounding the collapse of auto parts manufacturer First Brands Group. In October 2025, investigations revealed that Point Bonita Capital, an asset-management unit under Jefferies, was owed approximately $715 million tied to First Brands' supply chain. Reports from The Wall Street Journal indicated that First Brands had struggled with a $2 billion deficit and off-balance-sheet debt while working with Jefferies to refinance nearly $6 billion in corporate loans.

Following these disclosures, the U.S. Department of Justice initiated an inquiry into the bankruptcy of First Brands and its dealings with creditors. Robbins Geller is now seeking information from investors who suffered losses or individuals with knowledge of the firm's involvement. Attorneys Ken Dolitsky and Michael Albert are leading the outreach, urging those with relevant details to contact the firm directly.