Norfolk Southern Shareholders Sue over Ohio Derailment

Reuters

 

Norfolk Southern Corp shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous chemicals in East Palestine, Ohio.

In a lawsuit filed on Thursday in Columbus, Ohio, federal court, shareholders said Norfolk Southern played down the risks of using what is called “Precision Scheduled Railroading,” which relies on longer and heavier trains that require fewer workers.

Shareholders said Norfolk Southern embraced a “culture of increased risk-taking” that left it vulnerable to increased train derailments, making its public statements about the safety of its operations materially false or misleading.

READ THE FULL STORY

Latest News

Parisa Dehghani-Tafti

Arlington D.A. Accused of Leniency for Stabbing Suspect Received $652,000 from Soros-Tied PAC, Argued ‘No Basis’ to Stop Anti-Israel Protest

Jan 8, 20254 min read
Arlington County Republican Committee accused Arlington Commonwealth's Attorney Parisa Dehghani-Tafti of leniency when it was revealed the suspect in a Pentagon City double stabbing that occurred last month, 23-year-old Leonardo Reyes, previously reached a plea deal with her office in 2021 for armed robbery. Dehghani-Tafti is one of the prosecutors who received significant political backing from an organization tied to the controversial Hungarian-American financier George Soros, and more recently, the prosecutor argued there was "no basis" to disrupt an anti-Israel encampment that formed near the Virginia home of Secretary of State Antony Blinken.
Virginia Voters Want State Legislators to Pass Bill Setting New Standards for Health Insurance Companies, Poll Finds

Virginia Voters Want State Legislators to Pass Bill Setting New Standards for Health Insurance Companies, Poll Finds

Jan 8, 20252 min read
A majority of Virginia voters want state lawmakers to pass legislation that would set new standards for health insurance companies when it comes to transparency surrounding prior authorization decisions and approval rates, a new poll shows. The polling firm Mason-Dixon Polling & Strategy polled 625 registered Virginia voters from December 17-December 20 on their experiences and views regarding the healthcare industry, specifically health insurance companies providing customers with prior authorization before receiving medical care.
Donald Trump

Commentary: To Avoid Another Russiagate, Trump Needs to Declassify Everything

Jan 8, 20257 min read
Following Congress’ certification of President-elect Donald Trump’s victory over Vice President Kamala Harris in the 2024 election on Jan. 6, all eyes now turn towards Trump’s Jan. 20 inauguration and most importantly, to his first days in office and the work to be done in enacting his agenda. The first president since Grover Cleveland to serve non-consecutive terms, Trump has a lot of unfinished business — completing the border wall, extending and expanding his tax cuts, restoring American energy dominance, using tariffs to bolster American production and so forth — but certainly cleaning up the national security apparatus that was weaponized against him before he was ever elected in 2016 has to be a top priority.
Moderna Vaccine

Moderna Buried Child’s Death in COVID Booster Trial in EU Report, FDA ResponseCalled ‘Misleading’

Jan 8, 20257 min read
President Joe Biden bestowed the National Medal of Technology and Innovation on a vaccine maker that allegedly hid a child's death in a COVID-19 clinical trial from Americans, and the Food and Drug Administration may have known about the purported subterfuge. Moderna apparently only disclosed the death from "cardio-respiratory arrest," which it asserted without evidence was not related to the child's jab, in the European Union Clinical Trials Register Sept. 30, six months after its trial on "healthy children" 6 months-12 years ended, but not in publicly accessible U.S. system ClinicalTrials.gov as legally required.
China Tiktok

Study Finds TikTok Suppresses Anti-China Content, Influences Opinions as Trump Moves to Delay Ban

Jan 8, 20257 min read
A newly updated study concludes that the popular Chinese-owned social media platform TikTok suppresses anti-China content and influences user opinion on the communist country’s human rights record and society, likely manipulating its algorithm.  The study from researchers from Rutgers University and the Network Contagion Research Institute, follows preliminary findings from the group released in August and is now backed by more evidence than before. 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *