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Federal Settlement

All articles tagged with #federal settlement

businessenvironment1 year ago

Norfolk Southern Settles for $310M Over East Palestine Derailment

Norfolk Southern will pay a $15 million fine and over $500 million for safety improvements and community health concerns as part of a federal settlement over last year's derailment in East Palestine, Ohio. Residents feel the settlement is insufficient, given the company's profits and the CEO's compensation. The agreement includes funds for cleanup, health exams, and water monitoring, but does not address potential long-term health issues. The settlement precedes the National Transportation Safety Board's report on the derailment's cause, expected in June.

businessenvironment1 year ago

Norfolk Southern Settles Ohio Derailment for $310M, Faces $15M Fine

Norfolk Southern will pay a $15 million fine and over $500 million for safety improvements and community health concerns following last year's derailment in East Palestine, Ohio. The settlement, which includes no criminal charges, has left many residents feeling it is insufficient. The railroad has already spent $780 million on cleanup and $107 million in aid, and it will continue to invest in safety measures. The National Transportation Safety Board's investigation into the derailment's cause is still ongoing.