Judge Approves $600 Million Class-Action Settlement for Ohio Train Derailment by Norfolk Southern

Sep 25, 2024, 11:42 PM

A federal judge has approved a $600 million class-action settlement for residents affected by last year's train derailment in East Palestine, Ohio. The settlement, offered by Norfolk Southern, addresses claims from individuals living within 20 miles of the derailment site. The incident, which occurred in February of last year, involved a fiery and toxic derailment that led to significant safety concerns and a subsequent drop in Norfolk Southern's stock. The approval of this settlement on Wednesday marks a significant step in resolving the legal disputes stemming from the derailment.