Norfolk Southern Corporation, a leading transportation company, has announced a groundbreaking $600 million agreement in principle to resolve a consolidated class action lawsuit stemming from the East Palestine derailment. The settlement, subject to court approval, marks a significant step in addressing the concerns of affected residents within a 20-mile radius of the derailment site.
This latest development underscores Norfolk Southern’s commitment to fulfilling its promises to the people of East Palestine and neighboring communities. In March 2023, the company pledged to tackle long-standing issues such as drinking water quality, home values, and healthcare. Building upon previous initiatives, Norfolk Southern is extending support through this comprehensive settlement, providing substantial financial relief to individuals and qualifying local businesses.
The agreement aims to offer closure and flexibility for members of the settlement class, empowering them to utilize compensation in ways that address their specific needs. This includes covering healthcare expenses, property restoration, and compensating for any business losses incurred as a result of the derailment. Furthermore, individuals residing within a 10-mile radius of the incident have the option to seek additional compensation for personal injuries.
Norfolk Southern’s commitment to remediation efforts extends beyond monetary settlements. The company has already allocated significant funds for community assistance, infrastructure upgrades, and economic development projects in East Palestine and surrounding areas. These efforts, totaling millions of dollars, reflect Norfolk Southern’s dedication to fostering resilience and prosperity in affected communities.
It’s important to note that the settlement agreement does not imply any admission of liability on the part of Norfolk Southern. Rather, it represents the culmination of extensive negotiations facilitated by court-appointed counsel and renowned mediator Layn Phillips. Pending preliminary approval from the U.S. District Court for the Northern District of Ohio, payments to class members could commence later this year.
For individuals seeking more information about the settlement process, Norfolk Southern has established a Settlement Administrator and Claims Assistance Center in East Palestine. Additionally, interested parties can visit NSMakingItRight.com to learn more about the company’s ongoing remediation efforts and commitment to sustainability.
About Norfolk Southern: With a legacy dating back to 1827, Norfolk Southern Corporation (NYSE: NSC) has played a pivotal role in powering the U.S. economy through its efficient freight transportation network. Committed to sustainability, Norfolk Southern helps its customers reduce carbon emissions by facilitating rail shipping, demonstrating its dedication to environmental stewardship and operational excellence.
