Overseas Shipholding Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2017
SEC securities-fraud settlement
The SEC-related allegations were resolved through separate $75,000 fines paid by OSG and former CFO Miles Itkin. The company had also reached a separate $16.25 million settlement with former executives in 2015.
2012
Financial-reporting allegations and Chapter 11 bankruptcy
OSG filed for Chapter 11 bankruptcy protection after the SEC accused CEO Morten Arntzen and CFO Miles Itkin of falsifying financial statements. The episode became the central governance and financial controversy in the company's history.