Foss Returns To Court  By Patrick Cronin  Hampton Union,
Tuesday, March 21, 2006   HAMPTON - Creditors of the bankrupt
Foss Manufacturing are asking a bankruptcy judge to give them
permission to prosecute claims on behalf of the estate. Gaining
permission would allow the committee of creditors to file
lawsuits against former Foss officials who it alleges committed
fraud related to company finances.  Creditors are requesting
judge Michael Deasy approve an agreement signed between the
committee and the trustee overseeing the company on March 8.
The agreement states the committee shall be empowered to
prosecute certain claims on behalf of the estate.  Details on
the claims, including who may face potential lawsuits, were not
made public, but they arose during the investigation into fraud
committed by certain former officers.  A hearing on the matter
is scheduled on Thursday.  Foss Manufacturing filed for
bankruptcy in September after its chief lender CapitalSource cut
off credit, alleging the company fraudulent