Posted 4/9/2024, 11:46:19 PM
Norfolk Southern to Pay $600 Million Settlement for Ohio Train Derailment Disaster
- Norfolk Southern agrees to $600 million settlement for East Palestine, Ohio train derailment
- Settlement aims to compensate residents within 20-mile radius, personal injury claims within 10 miles
- Derailment occurred in Feb 2023, evacuating up to 2,000 residents
- Questions remain about long-term health impacts and whether disaster should have been declared
- Railroad reports lower first quarter revenue, faces activist investor seeking board overhaul
