By Devika Madhusudhanan Nair (Reuters) -Bankrupt First Brands on Monday sued its former chief executive and founder Patrick James, accusing him of orchestrating frauds that left the U.S. auto parts maker insolvent. James enriched himself and his family by "misappropriating hundreds of millions (if not billions) of dollars from First Brands," the company said in a lawsuit filed with the U.S. Bankruptcy Court for the Southern District of Texas. A spokesperson for James said in a statement that James "categorically denies the baseless and speculative allegations contained in the First Brands complaint." "Mr. James was given no opportunity to respond before the complaint was filed and he intends to immediately challenge it. Mr. James has always conducted himself ethically and is committed to d

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