The company said that the settlement doesn't include or constitute any admission of liability, wrongdoing, or fault.
FILE - Debris from a Norfolk Southern freight train lies scattered and burning along the tracks on Feb. 4, 2023, the day after it derailed in East Palestine , Ohio . fiery train derailment The company said Tuesday that the agreement, if approved by the court, 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 from the derailment.
The settlement is expected to be submitted for preliminary approval to the U.S. District Court for the Northern District of Ohio later in April 2024. Payments to class members under the settlement could begin by the end of the year, subject to final court approval. The railroad also announced preliminary first-quarter earnings of 23 cents per share Tuesday to reflect the impact of the settlement.
Ancora Holdings is trying to persuade investors to support its nominees for Norfolk Southern's board at the railroad's May 9 annual meeting.
Alan Shaw Atlanta Georgia United States EAST PALESTINE East Palestine Ohio United States GRANT & EISENHOFER P.A. NORFOLK SOUTHERN CORPORATION Norfolk Southern Corp. Ohio United States Simmons Hanly Conroy LLC T. Michael Morgan Joe Biden M. Elizabeth Graham Seth A. Katz Jayne Conroy Eisenhofer Disaster_Accident Alan H. Shaw Michael S. Morgan ANCORA HOLDINGS INC. GRANT & EISENHOFER P.A. SIMMONS HANLY CONROY LLC Columbiana County Ohio East Palestine Ohio East Palestine Ohio Train Derailment MORGAN & MORGAN P.A. Miamisburg Train Derailment Norfolk Southern Railway Paulsboro Train Derailment
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