Legal Opinion

In re OSG Securities Litigation

District Court, S.D. New York

Decided February 7, 2014No. 12 Civ. 7948(SAS)PublishedCited by 10 opinions

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

  1. Brady v. Wal-Mart Stores, Inc.Court of Appeals for the Second Circuit · 2008
  2. 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
  3. United States v. Edward M. GilbertCourt of Appeals for the Second Circuit · 1982
  4. RSM PRODUCTION CORP. v. FridmanDistrict Court, S.D. New York · 2009
  5. Campaniello Imports, Ltd. v. Saporiti Italia S.p.A.Court of Appeals for the Second Circuit · 1997

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3Cited by10 opinions

  1. Estate of Adriano Roman, Jr. v. City of NewarkCourt of Appeals for the Third Circuit · 2019
  2. Nguyen v. FXCM Inc.District Court, S.D. Illinois · 2019
  3. Youngers v. Virtus Investment Partners Inc.District Court, S.D. New York · 2016
  4. In re Mylan N.V. Sec. Litig.District Court, S.D. Illinois · 2019
  5. David C. Fannin v. UMTH Land Development, L.P.Court of Chancery of Delaware · 2020

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