Bankruptcy Judge OKs Deal Allowing $47.49M In Claims Against Overseas Shipholding

Bankruptcy Judge OKs Deal Allowing $47.49M In Claims Against Overseas Shipholding

WILMINGTON, Del. - The federal bankruptcy judge presiding over the Chapter 11 case of Overseas Shipholding Group Inc. (OSG) on Dec. 19 approved a stipulation between OSG and a group of creditors, including Citi Group Financial Products Inc., under which the claims would be permitted against the bankruptcy estate for a total of $47,499,900 (In Re: Overseas Shipholding Group Inc., No. 12-20000, Chapter 11, D. Del. Bkcy.).

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