Rosen Law Firm Announces Securities Class Action Lawsuit Against Overseas Shipholding Group, Inc. -- OSG
NEW YORK, Oct. 27, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a securities class action has been filed on behalf of all persons who purchased Overseas Shipholding Group, Inc. (NYSE: OSG) 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 firstname.lastname@example.org 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 financial information. The lawsuit asserts that OSG improperly accounted for certain tax liabilities and lacked adequate internal and financial controls. When this adverse information was disclosed, 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 email@example.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.
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