U.S. Trustee: $320M In Funds Not Subject To Waiver In Overseas Shipholding Case

U.S. Trustee: $320M In Funds Not Subject To Waiver In Overseas Shipholding Case

WILMINGTON, Del. - The U.S. trustee in the Chapter 11 bankruptcy of Overseas Shipholding Group Inc. (OSG) on Dec. 3 filed a brief in the U.S. Bankruptcy Court for the District of Delaware objecting to OSG's request for a waiver of requirements under the Bankruptcy Code governing the deposit and investment of $320 million in estate funds (In Re: Overseas Shipholding Group Inc., No. 12-20000, Chapter 11, D. Del. Bkcy.).

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