LOS ANGELES, May 20, 2024 (GLOBE NEWSWIRE) — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Overseas Shipholding Group, Inc. (“OSG” or “the Company”) (NYSE: OSG) for potential breaches of fiduciary duty on the part of its directors and management.
The investigation focuses on determining if the OSG board breached its fiduciary duties to shareholders. The Company announced on May 20, 2024, that it had entered into a definitive merger agreement to be acquired by Saltchuk Resources, Inc. According to OSG, the “transaction that values the Company at an aggregate equity value of approximately $653 million and a total transaction value of $950 million.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
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