Norfolk Southern Agrees To Pay $15M Civil Penalty Over 2023 East Palestine Derailment In Settlement With EPA; Also Agrees To Pay $57.1M To Reimburse EPA For Past Response Costs
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Norfolk Southern has agreed to pay a $15 million civil penalty and $57.1 million to reimburse the EPA for past response costs related to the 2023 East Palestine derailment.
May 23, 2024 | 2:27 pm
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Norfolk Southern has agreed to a $15 million civil penalty and $57.1 million reimbursement to the EPA for the 2023 East Palestine derailment.
The financial penalties and reimbursements are likely to have a negative short-term impact on Norfolk Southern's stock price due to the significant monetary outflow and the negative publicity associated with the settlement.
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