Foss Manufacturing

Representation of the creditors’ committee in the chapter 11 case of engineered fibers manufacturer Foss Manufacturing in its chapter 11 case in New Hampshire. The firm also represented the liquidating trustee appointed under a plan of liquidation proposed and confirmed by the committee. Foss filed bankruptcy after its CEO resigned amid allegations of numerous financial improprieties. The firm led the committee’s investigation into these matters and commenced litigation against the insiders seeking to hold them liable for, among other things, breach of fiduciary duty, illegal dividends and fraudulent transfers.