Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
SOSouthern Company(SO) cnbc.com·2024-05-24 03:40

Officials continue to conduct operation and inspect the area after the train derailment in East Palestine, Ohio, United States on February 17, 2023. Norfolk Southern has agreed to pay 310milliontosettlechargesoveratoxictrainderailmentinEastPalestine,Ohio,inFebruary2023,thecompanyannouncedonThursday.Themajorityofthesettlementisanestimated310 million to settle charges over a toxic train derailment in East Palestine, Ohio, in February 2023, the company announced on Thursday. The majority of the settlement is an estimated 235 million to cover all past and future cleanup costs. Per the agreement, the company will also pay a $15 million civil penalty to resolve a ...