Lieff, Cabraser, Heimann & Bernstein, LLP said its law firm is investigating potential wrongdoing by Overseas Shipholding Group, Inc. (OSG), including possible violations of federal securities laws as alleged in class action lawsuits brought on behalf of all persons who purchased or otherwise acquired OSG securities between April 28, 2008 and October 22, 2012, inclusive.
The actions allege that, throughout the Class Period, Overseas Shipholding and certain of its senior executives made false and/or misleading statements and/or failed to disclose that: (i) Overseas Shipholding improperly accounted for certain tax liabilities; (ii) Overseas Shipholding lacked adequate internal and financial controls; and (iii) as a result of the above, the company's financial statements were materially false and misleading at all relevant times.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.