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Norfolk Southern Investors Fail to Get Derailment Suit Revived
The Second Circuit Court ruled against Norfolk Southern Corp. investors seeking to revive a lawsuit claiming the company misled them on safety practices before a 2023 train derailment in East Palestine, Ohio. The court stated that the investors failed to adequately allege that the company’s statements were materially misleading or false. The ruling affirms the dismissal of the case, indicating no freestanding duty for Norfolk Southern to disclose more safety information.