Recognizing the complexity of the path ahead, OSG Group has secured expert guidance. Accordion Partners, a seasoned financial adviser, and Houlihan Lokey Capital, a renowned investment banker, are instrumental in charting the company’s financial course during these turbulent times.
Legal Representation
In legal matters, OSG has enlisted the support of a top-tier legal team. The company is represented by Marcus A. Helt, Felicia Gerber Perlman, Carole Wurzelbacher, and Gregg Steinman of McDermott Will & Emery LLP. Their expertise will undoubtedly play a pivotal role in navigating the intricate legal landscape of this Chapter 11 proceeding.
The case, officially known as In re: OSG Holdings et al., is unfolding in the U.S. Bankruptcy Court for the Southern District of Texas under case number 4:23-bk-90799. As OSG Group takes this bold step, the financial world watches closely to see if this maneuver will breathe new life into the company or if it’s a last-ditch effort to stay afloat.
Stay tuned as the drama surrounding OSG Group’s Chapter 11 protection unfolds, and the company’s future hangs in the balance.
