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Norfolk to settle Ohio derailment class action lawsuit for $600 million
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Norfolk to settle Ohio derailment class action lawsuit for $600 million
Apr 9, 2024 6:09 AM

(Reuters) - U.S. railroad operator Norfolk Southern ( NSC ) said on Tuesday it had reached a $600 million deal to resolve a class action lawsuit related to the East Palestine, Ohio derailment last year.

The agreement, which needs to be approved by a 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, the company said in a statement.

The deal does not include any admission of liability, wrongdoing, or fault, Norfolk said.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Sriraj Kalluvila)

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