Investors: Norfolk Southern Broke Securities Laws Related To Ohio Train Derailment

(August 27, 2024, 1:35 PM EDT) -- ATLANTA — Investors have filed a brief in Georgia federal court opposing a motion to dismiss their securities fraud class action against Norfolk Southern Corp. and its principals, arguing that they have laid out in “exacting detail” that the defendants misled investors about the purported safety of the railroad’s operations while the company implemented cost-cutting procedures that “systematically dismantled critical safety measures in pursuit of profits, culminating in the derailment” of a Norfolk Southern train in East Palestine, Ohio, which resulted in toxic chemical pollution in that town....