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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.