June 18, 2013
A New Jersey federal judge on Friday tossed a putative class action alleging oil barge operator K-Sea Transportation Partners LP misled investors in 2009 about the company's earnings and neglected to reveal that its obsolete fleet of single-hull tankers would be phased out.
January 30, 2012
Oil barge operator K-Sea Transportation Partners LLC failed to tell investors in 2009 that an environmental law banning single-hull tankers had capsized its revenues, according to a putative class action launched Thursday in New Jersey federal court.