Law360, New York (September 18, 2009, 6:18 PM ET) -- The Virginia Supreme Court has revised a $77 million award given to Norfolk Southern Railroad Co. by a lower court for undercharging Virginia Electric and Power Co. for coal transportation under the companies' contract, a move that will likely decrease Norfolk Southern's payout in the case.
The Supreme Court largely upheld the decision of the Circuit Court of Halifax County that Norfolk Southern could charge Virginia Electric more under their contract, but said the lower court incorrectly calculated the damages, and remanded the case for further...
Va. Court Revises $77M Award To Norfolk Southern
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