Norfolk Southern said the settlement does not mean an admission of guilt or wrongdoing for the fiery derailment last year.PALESTINE, Ohio — Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.
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. Norfolk Southern added that 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, which could include healthcare needs, property restoration and compensation for any net business loss. Individuals within 10-miles of the derailment may, at their discretion, choose to receive additional compensation for any past, current, or future personal injury from the derailment.
The company said that the settlement doesn't include or constitute any admission of liability, wrongdoing, or fault. 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.on its response to the derailment, including more than $104 million in direct aid to East Palestine and its residents.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norfolk Southern to Pay $600 Million in Train Derailment Lawsuit SettlementNorfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in eastern Ohio. The settlement will resolve all class action claims within a 20-mile radius from the derailment and personal injury claims within a 10-mile radius. Affected individuals and businesses can use the compensation to address various adverse impacts.
Source: WEWS - 🏆 323. / 59 Read more »
Norfolk Southern to Pay $600 Million in Train Derailment Lawsuit SettlementNorfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in eastern Ohio. The settlement will resolve all class action claims within a 20-mile radius from the derailment and personal injury claims within a 10-mile radius. Individuals and businesses can use the compensation to address potential adverse impacts from the derailment.
Source: WGAL - 🏆 331. / 59 Read more »
Norfolk Southern to Pay $600 Million in Class-Action Lawsuit SettlementNorfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in eastern Ohio. The settlement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and personal injury claims within a 10-mile radius.
Source: 10TV - 🏆 560. / 51 Read more »
Norfolk to settle Ohio derailment class action lawsuit for $600 millionNorfolk to settle Ohio derailment class action lawsuit for $600 million
Source: Investingcom - 🏆 450. / 53 Read more »
Norfolk Southern to pay $600M settlement related to train derailment in eastern OhioNorfolk Southern has already spent more than $1.1 billion on its response to the derailment, including more than $104 million in direct aid to East Palestine and its residents.
Source: therealautoblog - 🏆 528. / 51 Read more »
Norfolk Southern set to pay $600M in settlement related to train derailment in eastern OhioNorfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.
Source: WashTimes - 🏆 235. / 63 Read more »