Norfolk Southern Derailment Settlement
A $600 million class action settlement has been approved for the Norfolk Southern derailment in Ohio, but residents are still unsure about how much they will receive. The settlement addresses property damage and personal injury claims within a certain radius of the derailment.
Key Points
- Settlement amount varies based on proximity to derailment
- Residents can accept money for property damage without injury payment
- Lawyers expected to receive up to $162 million in legal fees
Pros
- Settlement resolves claims against railroad and other defendants
- Addresses property damage and personal injury claims
- Potential for larger compensation after individual factors considered
Cons
- Residents uncertain about final compensation amount
- Questions about fairness of settlement distribution
- Residents may opt out to file individual lawsuits