UPDATE 1-Norfolk to settle Ohio derailment class action lawsuit for $600 mln

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U.S. railroad operator Norfolk Southern 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.
 
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