NSC - Norfolk Southern Agrees To $600M Settlement Over East Palestine Derailment Class Action: Details | Benzinga
Norfolk Southern Corporation (NYSE:NSC) reported its preliminary financial outcomes for the first quarter of 2024, revealing adjusted earnings per share of $2.49, slightly below the estimated $2.61, with railway operating revenues reaching $3.004 billion (consensus $3.048 billion).
The report highlights a significant financial impact from a $600 million settlement related to the East Palestine derailment class action lawsuit, compensating without admitting fault. This move reflects their commitment to aid affected communities and pursue insurance for the settlement.
If approved by the court, the arrangement will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius ...