Diameter’s Winning Bet on First Brands Turns ‘Horribly Wrong’

Diameter’s Winning Bet on First Brands Turns ‘Horribly Wrong’


After Scott Goodwin and Jonathan Lewinsohn nailed a short bet on First Brands Group, an auto-part supplier that rattled credit markets when it collapsed last year, the two doubled down with a reverse wager — hoping for a second payout.

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