04-13-2024, 11:43 AM
This post was last modified 04-13-2024, 11:44 AM by Maxmars.
Edit Reason: spelling
In February 2023 a Norfolk Southern-operated train derailed near East Palestine, Ohio... that derailment developed into a more than a million-gallon toxic chemical spill. America's largest, if I am not mistaken.
The derailment was met with stereotypical corporate and political malaise, subjected to stereotypical below-par media coverage, and generally the subject of much foot-dragging insofar as 'what to do to fix it.' There are at least 20 class-action lawsuits which seek remedy for the handling of this material and the subsequent damages (both measured and yet to manifest itself.)
Reuters: Norfolk Southern agrees to pay $600 million to settle Ohio derailment lawsuit
The Reuters reporting title sems to be indicating that this is a "done deal" but it is not. The court hasn't approved the offer... so there's that. Also, the settlement would indemnify Northern-Southern from the other class-action suits brought against it while simultaneously establishing for posterity that...
Norfolk Southern is not admitting liability or wrongdoing.
... But of course. This is how corporate "justice" is done in America...
Last year, Norfolk Southern agreed to compensate homeowners around East Palestine, Ohio who have had to sell their properties at a reduced value.
In addition to the class action, Norfolk Southern also faces lawsuits filed by shareholders, the state of Ohio and the U.S. Justice Department.
In May 2023, a U.S. Senate committee approved bipartisan rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train, but further action has stalled.
... stalled... Yup!...
The derailment was met with stereotypical corporate and political malaise, subjected to stereotypical below-par media coverage, and generally the subject of much foot-dragging insofar as 'what to do to fix it.' There are at least 20 class-action lawsuits which seek remedy for the handling of this material and the subsequent damages (both measured and yet to manifest itself.)
Reuters: Norfolk Southern agrees to pay $600 million to settle Ohio derailment lawsuit
The Reuters reporting title sems to be indicating that this is a "done deal" but it is not. The court hasn't approved the offer... so there's that. Also, the settlement would indemnify Northern-Southern from the other class-action suits brought against it while simultaneously establishing for posterity that...
Norfolk Southern is not admitting liability or wrongdoing.
... But of course. This is how corporate "justice" is done in America...
Last year, Norfolk Southern agreed to compensate homeowners around East Palestine, Ohio who have had to sell their properties at a reduced value.
In addition to the class action, Norfolk Southern also faces lawsuits filed by shareholders, the state of Ohio and the U.S. Justice Department.
In May 2023, a U.S. Senate committee approved bipartisan rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train, but further action has stalled.
... stalled... Yup!...
