Trending: Norfolk Southern Settles Class Action Lawsuit for $600 Million
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Dow Jones
9:42 ET -- Norfolk Southern is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The railroad company said Tuesday that it has reached an agreement to settle a class-action lawsuit for $600 million stemming from a train derailment in East Palestine, Ohio, on Feb. 3, 2023. Norfolk Southern also said its guidance for 1Q railway revenue of $3 billion includes this settlement, and that its 2Q revenue will be affected by last month's collapse of the Francis Scott Key bridge in Baltimore. Dow Jones & Co. owns Factiva. (susan.solan@wsj.com)
(END) Dow Jones Newswires
April 09, 2024 09:57 ET (13:57 GMT)
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