Norfolk Southern announced today that it has reached an agreement to pay $600 million in a class action lawsuit settlement related to the derailment at East Palestine, Ohio in 2023.
NS says the agreement will resolve all class action claims within a 20 mile radius of the derailment as well as personal injury claims within 10 miles of the derailment for those residents who choose to participate.
Persons or businesses will be able to use the compensation in whatever way they see fit to address their needs as a result of the derailment. The agreement does have to be approved by a court and is not official as yet.
Norfolk Southern said the settlement does not include any admission of wrongdoing or fault.