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Bankrupt Shipping Company OSG Sues BP For Violation Of Automatic Stay

WILMINGTON, Del. - A subsidiary of bankrupt shipping company Overseas Shipholding Group Inc. (OSG) on Feb. 25 sued BP Oil Shipping Co. USA Inc. in the U.S. Bankruptcy Court for the District of Delaware, seeking declaratory relief and damages for alleged violations of the automatic stay pursuant to 11 U.S. Code Section 362 (OSG America Operating Company LLC v. BP Oil Shipping Company USA Inc. $(In Re: Overseas Shipholding Group Inc.$), No. 12-20000, Adv. No. 13-50854, Chapter 11, D. Del. Bkcy.).
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