Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Lieff Cabraser Investigates Potential Wrongdoing By Overseas Shipholding

Lieff, Cabraser, Heimann & Bernstein, LLP said its law firm is investigating potential wrongdoing by Overseas Shipholding Group, Inc. (OSG: Quote), 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.

Click here to receive FREE breaking news email alerts for Overseas Shipholding Group and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.