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Published 17 days ago

Norfolk Southern to Pay $600M in Ohio Train Derailment Lawsuit - Norfolk Southern (NYSE:NSC)

Summary by Benzinga
Norfolk Southern (NYSE: NSC) announced Tuesday that it has agreed to pay $600 million to settle a class-action lawsuit after a 2023 train derailment in East Palestine, Ohio, caused a fire and spilled chemicals. The agreement, if approved by a court, will resolve all class-action claims within a 20-mile radius of the derailment site and personal injury claims within 10 miles of the site, a news release from the railroad said. The company said the…

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Norfolk Southern to Pay $600M in Ohio Train Derailment Lawsuit - Norfolk Southern (NYSE:NSC)

Norfolk Southern (NYSE: NSC) announced Tuesday that it has agreed to pay $600 million to settle a class-action lawsuit after a 2023 train derailment in East Palestine, Ohio, caused a fire and spilled chemicals. The agreement, if approved by a court, will resolve all class-action claims within a 20-mile radius of the derailment site and personal injury claims within 10 miles of the site, a news release from the railroad said. The company said the…

17 days ago·New York, United States
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