Norfolk Southern Settlement for East Palestine Train Derailment
Norfolk Southern agrees to pay $600 million in a class-action lawsuit settlement related to the toxic East Palestine, Ohio, train derailment in February 2023. The settlement will resolve class action claims within a 20-mile radius and personal injury claims within a 10-mile radius from the incident.
Key Points
- Norfolk Southern agrees to pay $600 million in settlement
- Settlement resolves class action claims within a 20-mile radius and personal injury claims within a 10-mile radius
- Individuals and businesses can use compensation for various purposes to address impacts from the derailment
- Settlement does not constitute admission of liability by Norfolk Southern
- Expected to be submitted for preliminary approval to the U.S. District Court in April 2024
Pros
- Settlement provides compensation for individuals and businesses affected by the derailment
- Allows flexibility in how compensation can be used to address adverse impacts
- Additional compensation available for past, current, or future personal injuries
Cons
- Settlement does not include admission of liability, wrongdoing, or fault