read the filing with SEC today, that appeared here on Yahoo after market close - - apparently IRS has agreed to $200 million reduction in its claim against OSG. with 30 million OSG shares outstdg that is worth about $7 per share. Of course there are other claimants which is why, i presume, the shares did not jump even more. BUT, if OSG is also suing the law firm that presumedly gave the original bum tax advise, perhaps there is even more to recovery to come?
Filing with SEC today (19th Dec) seems to indicate that OSG and IRS have negotiated IRS claim down from $464 million to $264 million - - a not insignificant $200 million REDUCTION. That seems a very big deal.