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Lieff Cabraser Investigates Potential Wrongdoing By Overseas Shipholding

11/17/2012 9:24 AM ET

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.

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by RTT Staff Writer

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