NSC - Norfolk Southern to Pay $600M in Ohio Train Derailment Lawsuit | 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 settlement is not an admission of liability or wrongdoing.
In February 2023, a Norfolk Southern train derailed in East Palestine, a village ...