financetom
Business
financetom
/
Business
/
Update: Norfolk Southern Agrees to Pay $600 Million to Settle Class Action Lawsuit Over East Palestine, Ohio, Derailment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Norfolk Southern Agrees to Pay $600 Million to Settle Class Action Lawsuit Over East Palestine, Ohio, Derailment
Apr 9, 2024 6:39 AM

09:06 AM EDT, 04/09/2024 (MT Newswires) -- Norfolk Southern ( NSC ) said Tuesday it will pay $600 million to settle a class action lawsuit over the derailment of one of its trains in East Palestine, Ohio, in February 2023.

If approved by the court, the agreement will resolve all class action claims within a 20-mile radius of the derailment of the train that carried hazardous materials and personal injury claims within a 10-mile radius of the site, the company said.

The agreement did not include or constitute any admission of liability, wrongdoing, or fault, the company added.

Price: 247.07, Change: -3.19, Percent Change: -1.27

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Design Therapeutics Stock Rises as RBC Says Q4 Results, Product Candidate Updates Show Progress
Design Therapeutics Stock Rises as RBC Says Q4 Results, Product Candidate Updates Show Progress
Mar 20, 2024
01:03 PM EDT, 03/20/2024 (MT Newswires) -- Design Therapeutics ( DSGN ) was trading higher on Wednesday, rising by nearly 9% after reporting a smaller-than-expected Q4 net loss a day earlier and outlining progress with its prospective treatment for Friedreich Ataxia that analysts at RBC Capital Markets said provides the biopharmaceuticals company with a compelling second shot at eventually bringing...
--FirstEnergy Raises Quarterly Dividend to $0.425 a Share From $0.41, Payable June 1 to Shareholders of Record May 7
--FirstEnergy Raises Quarterly Dividend to $0.425 a Share From $0.41, Payable June 1 to Shareholders of Record May 7
Mar 20, 2024
12:58 PM EDT, 03/20/2024 (MT Newswires) -- Price: 38.35, Change: +0.05, Percent Change: +0.13 ...
UP Fintech Shares Decline Following Q4 Financial Results
UP Fintech Shares Decline Following Q4 Financial Results
Mar 20, 2024
01:04 PM EDT, 03/20/2024 (MT Newswires) -- UP Fintech Holding ( TIGR ) shares were down 9.5% in recent Wednesday trading after the company reported its Q4 earnings. The company reported Q4 non-GAAP net income of $0.007 per diluted American depositary share, down from $0.029 a year earlier. Revenue for the quarter ended Dec. 31 was $70 million, up from...
CERAWEEK-Williams delays Louisiana natgas pipeline amid competitor dispute
CERAWEEK-Williams delays Louisiana natgas pipeline amid competitor dispute
Mar 20, 2024
HOUSTON, March 20 (Reuters) - U.S. energy firm Williams Companies ( WMB ) has delayed the completion of its Louisiana Energy Gateway natural gas pipeline project following a dispute with a rival, Williams CEO Alan Armstrong said on Wednesday at a conference. The 1.8-billion cubic feet per day (bcfd) pipeline was originally set to come online this year but was...
Copyright 2023-2026 - www.financetom.com All Rights Reserved