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...
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Case Information

Case Title

In re OSG Securities Litigation


Case Number

1:12-cv-07948

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Shira A. Scheindlin

Date Filed

October 25, 2012


Case Title

Overseas Shipholding Group, Inc., Reorganized Debtors


Case Number

1:12-bk-20000

Court

Delaware

Nature of Suit

Date Filed

November 14, 2012

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