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Rosen Law Firm Reminds Overseas Shipholding Group, Inc. Investors of Important Class Action Deadline --- OSGIQ

NEW YORK, Nov. 24, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important December 26, 2012 lead plaintiff deadline in the class action lawsuit on behalf of those who purchased Overseas Shipholding Group, Inc. securities (OTCBB:OSGIQ) from May 4, 2009 through October 19, 2012. 

To join the OSG class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action. 

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

The Complaint asserts violations of the federal securities laws against OSG and certain of its officers and directors for issuing materially false and misleading financial information. The lawsuit asserts that OSG: (a) improperly accounted for certain tax liabilities; and (b) the Company lacked adequate internal and financial controls. The lawsuit claims that when this adverse information became known, the value of OSG stock fell more than 60%, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than December 26, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Jonathan Horne, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 562-8616 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com jhorne@rosenlegal.com www.rosenlegal.com
 

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