Norfolk Southern Corporation
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
Norfolk Southern, a rail transportation company, implemented a strategy called “Precision Scheduled Railroading” to increase revenues and decrease costs, which included reductions in staff and longer, heavier trains. A class action lawsuit alleged that this strategy led to increased train derailments and risk-taking at the expense of safety. In February 2023, a derailment in Ohio caused fires and hazardous material leaks, leading to a drop in the company’s stock price. The governor and EPA held Norfolk Southern responsible for the cleanup costs, and the attorney general considered legal action against them. Norfolk Southern announced a plan to improve operational safety, but the stock price fell further.
