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In Re Norfolk Southern Corporation Bond/Note Securities Litigation
Case Number:
1:23-cv-04068
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
- Citigroup Inc.
- Mitsubishi UFJ Financial Group Inc.
- Morgan Stanley
- Norfolk Southern Corp.
- Siebert Williams Shank & Co. LLC
- The Goldman Sachs Group Inc.
- U.S. Bancorp
- Wells Fargo & Co.
Sectors & Industries:
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February 27, 2025
Norfolk Southern Escapes Investors' Derailment Fraud Suit
A New York federal judge on Thursday dumped a proposed securities fraud class action alleging Norfolk Southern misled investors by falsely touting its commitments to safety while embarking on risky cost-cutting operational and staffing changes that ultimately led to 2023's fiery derailment in East Palestine, Ohio.
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August 12, 2024
Norfolk Southern Says Cuts To Investors' Suit Aren't Enough
Norfolk Southern Corp. told a New York federal court on Friday that a magistrate judge's recommendations to trim an investor proposed class action over losses stemming from the 2023 East Palestine, Ohio, derailment didn't go far enough, and urged the court to dismiss the entire complaint.
-
July 29, 2024
Magistrate Eyes Cuts To Norfolk Southern Investors' Suit
A New York federal magistrate judge has recommended tossing a portion of a securities suit filed against Norfolk Southern Corp. in the wake of the East Palestine, Ohio, train derailment, reasoning that the retirement funds serving as lead plaintiffs fell short of pleading standards.
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February 05, 2024
Norfolk Southern Slams Investors' Fraud Suit Over Derailment
Norfolk Southern has asked a New York federal court to dump proposed class allegations that it misled investors by falsely touting its commitments to safety while embarking on risky cost-cutting operational and staffing changes that ultimately led to last year's fiery derailment in East Palestine, Ohio.
-
January 01, 2024
Ohio Legal Battles To Watch In 2024
The new year in Ohio will ring in more developments in claims over the Norfolk Southern train derailment in East Palestine and a fight by FirstEnergy investors to keep class certification, with both matters having already spawned a cavalcade of complaints.
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September 22, 2023
Labaton Sucharow Will Lead Norfolk Southern Investor Suit
A New York federal judge appointed Labaton Sucharow LLP as lead counsel for a proposed class of investors bringing a suit against Norfolk Southern Corp. and multiple major financial firms alleging the transportation company overstated its commitment to safety before a train derailment in East Palestine, Ohio.