April 9 (Reuters) – U.S. railroad operator Norfolk Southern NSC.N said on Tuesday it had reached a $600 million deal to resolve a class action lawsuit related to the East Palestine, Ohio derailment last year.
The agreement, which needs to be approved by a court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius, the company said in a statement.
The deal does not include any admission of liability, wrongdoing, or fault, Norfolk said.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Sriraj Kalluvila)
Photo: This photo taken with a drone shows portions of a Norfolk and Southern freight train that derailed Friday night in East Palestine, Ohio are still on fire at mid-day Saturday, Feb. 4, 2023. (AP Photo/Gene J. Puskar)
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
‘Structural Shift’ Occurring in California Surplus Lines 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
