Norfolk Southern Settles for $600 Million Over Ohio Derailment
The settlement aims to compensate affected residents and businesses without admitting liability.
- Norfolk Southern agrees to a $600 million settlement for the East Palestine, Ohio train derailment, covering class-action and personal injury claims within specific radii of the incident site.
- The settlement, still pending court approval, aims to address the fallout from the February 2023 derailment that released hazardous materials and caused widespread concern.
- Residents and businesses within the affected area can use the settlement funds for various needs, including health care, property restoration, and business loss compensation.
- The agreement does not include an admission of liability, wrongdoing, or fault by Norfolk Southern.
- The company has already committed over $1.1 billion in response to the derailment, including community assistance and infrastructure upgrades.