FONT-SIZE Plus   Neg

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), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several...
comments powered by Disqus
Trade OSGB now with 
Follow RTT