Overseas Shipholding Group, Inc. (OSG)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Overseas Shipholding Group, Inc. ("Overseas Shipholding” or the "Company") (NYSE: OSG). The investigation concerns whether Overseas Shipholding and certain of its officers and/or directors have violated federal securities laws.
On September 7, 2021, Saltchuk Holdings (“Saltchuk”) disclosed in a U.S. Securities and Exchange Commission filing that it had ended discussions regarding a potential offer for Overseas Shipholding. Specifically, Saltchuk stated that it “has notified [Overseas Shipholding] that, in light of continued uncertainty with respect to the pace and trajectory of the global pandemic recovery and its effects on [Overseas Shipholding’s] business and operations, Saltchuk Holdings is suspending discussions with the [Company] regarding a possible acquisition of its outstanding common stock.” On this news, Overseas Shipholding’s stock price fell $0.53 per share, or 19.56%, to close at $2.18 per share on September 8, 2021.
If you are aware of any facts relating to this investigation, or purchased Overseas Shipholding shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.