Ex-OSG Execs Again Urge Judge To Ax Investor Claims

Law360, New York (November 14, 2013, 4:47 PM EST) -- Two former executives of Overseas Shipholding Group Inc. on Tuesday urged a New York federal judge to throw out, for good, an investor class action accusing them of hiding the company’s $35 million tax debt that ultimately drove it into bankruptcy.

U.S. District Judge Shira A. Scheindlin already threw out fraud claims against OSG President Morten Arntzen and Vice President Myles Itkin in September, but left room for the investors to amend their allegations. The defendants contend the amended claims suffer from the same deficiencies as...
To view the full article, register now.