SAN
FRANCISCO, May 30, 2024 /PRNewswire/ -- Schubert
Jonckheer & Kolbe LLP advises Norfolk Southern Corporation
investors that the firm is investigating potential legal claims
arising from the February 3, 2023
train derailment in East Palestine,
Ohio and potential wrongdoing among certain of Norfolk
Southern's officers and directors. Current shareholders are
encouraged to contact the firm regarding their
rights.
On May 23, 2024, the U.S.
Department of Justice and U.S. Environmental Protection Agency
announced a settlement with Norfolk Southern requiring it to pay
$310 million for cleanup costs,
community health programs, groundwater monitoring, infrastructure
upgrades, and a civil penalty in connection with the derailment.
That is on top of the recent $600
million settlement Norfolk Southern agreed to pay in a class
action lawsuit brought by individuals and businesses located within
a 20-mile radius of the derailment site.
The February 2023 Norfolk Southern
train derailment released toxins and combustible liquids, led to a
controlled burn of toxic chemicals, and prompted the evacuation of
residents from the surrounding area. Upon returning to their homes,
residents reported hazardous air quality and other health and
environmental concerns. At the time, Ohio Governor Mike
DeWine stated that Norfolk Southern "created the problem"
and that it was "their liability" and "ought to pay for it."
These matters have exposed the company to massive liabilities,
damaging shareholder value. Our investigation concerns whether
current Norfolk Southern shareholders may be able to bring claims
against potential wrongdoers for their role in the
disaster.
If you own Norfolk Southern stock and want additional
information about your rights, please visit our website at
https://www.classactionlawyers.com/norfolkupdate2.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents shareholders,
employees, and consumers in class actions against corporate
defendants, as well as shareholders in derivative actions against
their officers and directors. The firm is based in San Francisco, and with the help of
co-counsel, litigates cases nationwide.
Contact
Schubert Jonckheer & Kolbe LLP
Tel: (415) 788-4220
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SOURCE Schubert Jonckheer & Kolbe LLP