The federal government agreed to a $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio
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. A federal judge has signed off Tuesday, May 21, 2024, on the $600 million class action settlement over last year's disastrous Norfolk Southern derailment in eastern Ohio, but many people who live near East Palestine are still wondering how much they will end up with out of the deal.
Many East Palestine residents feel this settlement doesn’t do nearly enough to a company that just reported a $527 million profit in the fourth quarter of last year and $53 million in the first quarter after the derailment costs. The railroad’s CEO received $13.4 million in total compensation last year.
“This settlement is historic in many ways and will begin to make up for some of the damage caused to the residents of East Palestine. And it would absolutely push the industry in the direction that we would like for the industry to go,” Regan said. “Again, if some of these provisions that we’ve secured and locked in had been in place, we may not even be where we are today. ”
Many in the small town near the Ohio-Pennsylvania border are eager to put the derailment behind them, but fears about the possibility of developing cancer down the road hang over residents. Allison said she wants to make sure health needs are addressed. But this federal settlement primarily includes only money for exams while the class action settlement includes money for health problems that developed over the past year.
Norfolk Southern officials said they believe the relatively small size of this settlement reflects how much the railroad has already done, including paying $780 million in cleanup costs and providing $107 million in aid to residents and the communities affected.
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