Norfolk Southern to settle Ohio derailment class action lawsuit for $600M

(Reuters) — U.S. railroad operator Norfolk Southern Corp. said on Tuesday it had reached a $600 million deal to resolve a class action lawsuit related to the East Palestine, Ohio, derailment last year.

The agreement, which needs to be approved by a court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius, the company said in a statement.

The deal does not include any admission of liability, wrongdoing, or fault, Norfolk said.