MONSEY, N.Y., June 26, 2024 (GLOBE NEWSWIRE) — The law firm of Wohl & Fruchter LLP has renewed its investigation into whether the officers and directors of Norfolk Southern Corporation (NYSE: NYSE:) (NSC) breached their fiduciary duties under Delaware law in connection with the fiery train derailment in East Palestine, Ohio, on February 3, 2023, that spewed toxic chemicals into the surrounding communities.
We are renewing our investigation following yesterday’s announcement by the National Safety Transportation Board indicating, among other findings, that NSC’s standard operating procedures and excessive spacing between detectors prevented the train crew from receiving adequate warning of an overheated wheel bearing in time to stop the train before the derailment.
NTSB investigators also said the decision by the local incident commander three days after the derailment to conduct a vent and burn of the contents of the tank cars carrying vinyl chloride monomer was based on incomplete and misleading information provided by Norfolk Southern officials and contractors.
If you are a long-term NSC shareholder and have questions about your legal rights in connection with our investigation, please contact us at the following link to discuss your options at no charge:
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
Source: Wohl & Fruchter LLP
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