In re OSG Securities Litigation
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
SHIRA A. SCHEINDLIN, District Judge:
On January 28, 2014, plaintiffs submitted a letter apprising this Court of new developments in Overseas Shipping Group’s (“OSG’s”) bankruptcy proceedings. Specifically, on November 18, 2013, OSG filed a malpractice lawsuit against its outside counsel, Proskauer Rose LLP (“Proskauer”), in Delaware Bankruptcy Court. On January 17, 2014, Proskauer filed a motion to dismiss OSG’s claims. Plaintiffs argue that Proskauer’s motion reveals factual information that strengthens plaintiffs’ scienter allegations against two of the defendants…
2Cases cited8 opinions
- Brady v. Wal-Mart Stores, Inc.Court of Appeals for the Second Circuit · 2008
- Susan R. Wexner v. First Manhattan Co., John R. Loomis and Joseph Stein, Jr., Individually and as Co-Partners of First Manhattan CompanyCourt of Appeals for the First Circuit · 1990
- United States v. Edward M. GilbertCourt of Appeals for the Second Circuit · 1982
- RSM PRODUCTION CORP. v. FridmanDistrict Court, S.D. New York · 2009
- Campaniello Imports, Ltd. v. Saporiti Italia S.p.A.Court of Appeals for the Second Circuit · 1997
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