Norfolk Southern reaches $600 million settlement to settle East Palestine derailment suit

Norfolk Southern reaches $600 million settlement to settle East Palestine derailment suit

Apr 09,2024
New York CNN  — 

Norfolk Southern has reached a $600 million settlement that, if approved by a court, will resolve all class-action lawsuits within 20 miles of its 2023 East Palestine, Ohio, derailment that spilled more than a million pounds of hazardous chemicals into the soil, water and air.

The rail company said the settlement is intended to offset costs related to the spill that sent a plume of toxic smoke into the air and displaced many residents and businesses.

“Individuals and businesses will be able to use compensation from the settlement in any manner they see fit to address potential adverse impacts from the derailment,” the company said in a statement. “This could include healthcare needs and medical monitoring, property restoration and diminution, and compensation for any net business loss.”

The settlement also allows residents within 10 miles of the derailment to receive additional compensation.

In a court filing Tuesday, the plaintiffs said they expected to file a motion for the judge to approve the settlement within 10 days.

This is a developing story and will be updated.

Maybe You Like

Eni looks to draw investors with clean division between projects

The aim of the move is to attract more investment by allowing both fossil fuel and renewable energy investors to invest solely in their preferred projects, without any crossover of funds. ADVERTISEMENTItalian energy giant Eni is considering...

Uzbekistan’s Investment Surge: Reforms Drive Major International Interest

In recent years, Uzbekistan has experienced a surge in foreign investment, driven by extensive government reforms initiated in 2017. The 3rd Tashkent International Investment Forum showcased the country's appeal to investors,...

For US renters, the chance of owning a home is going from bad to worse

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...

Latest Added Hyip programs (
Added: May 24,2024
(144) (
Added: May 24,2024
(109) (
Added: May 23,2024
(39) (
Added: May 23,2024
Etradex Ltd (
Added: May 23,2024
(118) (
Added: May 22,2024
Arbitsec (
Added: May 22,2024
Best Magic (
Added: May 21,2024