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Law firms pounce on OSG

Friday, October 26, 2012

At least a dozen law firms have announced they have launched investigations into or filed lawsuits against Overseas Shipholding Group (OSG) in the wake of a plunge in OSG's shares following an announcement on Monday by the tanker company that its financial statements for the past three and a half years "should no longer be relied upon." The company said it's evaluating "strategic options, including the potential voluntary filing of a petition for relief to reorganize un...

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