Posted 4/9/2024, 4:42:13 PM
Norfolk Southern Offers $600M Settlement for East Palestine Train Derailment
- Norfolk Southern agrees to $600 million settlement for East Palestine, Ohio train derailment
- Settlement intended to compensate residents within 20 miles and businesses within 10 miles
- Derailment in Feb 2023 forced evacuation of nearly 2,000 of town's 4,900 residents
- Cleanup has already cost Norfolk Southern over $800 million
- Settlement still requires federal judge approval; payouts could begin by end of 2023
