Proskauer Sues Defunct Oil Tanker Co. For Hurt Reputation

Law360, Los Angeles (February 24, 2014, 9:51 PM EST) -- Proskauer Rose LLP fired back with a suit of its own at belly-up Overseas Shipholding Group Inc., which claimed the firm's malpractice led to hundreds of millions of dollars in tax liability, asking a New York judge on Sunday to hold OSG liable for giving it bad information.

The law firm asked the court to hold its former client responsible for damage to Proskauer’s reputation, in the wake of OSG’s accusations in a separate suit that the law firm didn’t properly assess a credit deal for...
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