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Bankrupt tank carrier plans to sue attorneys

American tank carrier Overseas Shipholding Group (OSG), which has filed for Chapter 11 bankruptcy, plans to sue the company's attorneys and lawyers in relation to a massive tax claim.

Photo: PR-foto: DHT Holdings

Bankrupt American tanker carrier Overseas Shipholding Group (OSG), which is currently under Chapter 11 bankruptcy protection, plans to sue the company's attorneys and lawyers for poor consulting in relation to the authorities' enormous tax claims, which brought into questions OSG's finances going back several years, according to analysts Seeking Alpha.

The US Internal Revenue Service (IRS) has staked a claim for USD 463 million from OSG, a move that could have a negative impact on the company's chances of restructuring under the United States' Chapter 11 laws.

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