Overseas Shipholding Group, Inc.  Bankruptcy New Filing Alert: Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On June 2, 2015, a motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Overseas Shipholding Group, Inc.  and its affiliates.

The filing was assigned docket number 4433 and is described on the court’s official docket as follows:

Motion to Approve Compromise under Rule 9019 Reorganized Debtors Motion (I) For Entry Of An Order Approving Settlement Agreement With Former OSG Directors Pursuant To 11 U.S.C. §§ 105(a) And 363(b) And Fed. R. Bankr. P. 9019 And (II) In Connection Therewith, Subordinating Certain Claims Of Former OSG Directors Filed by Overseas Shipholding Group, Inc., et al.,. Hearing scheduled for 6/23/2015 at 11:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 6/16/2015. (Attachments: # (1) Notice # (2) Exhibit 1 # (3) Exhibit 2) (Butz, Daniel)

Overseas Shipholding Group, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 14, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 12-20000. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Walsh. The law firm of Cleary Gottlieb Steen & Hamilton LLP is acting as lead bankruptcy counsel to Overseas Shipholding Group, Inc.  in the bankruptcy case.


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