Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 17, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Norfolk Southern Corporation (“Norfolk Southern” or “the Company”)(NYSE: NSC) investors that a lawsuit filed on behalf of investors that purchased Fate securities (NYSE: NSC) between October 28, 2020 and March 3, 2023 (the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Norfolk Southern, a rail transportation company, implemented a strategy called “Precision Scheduled Railroading” to increase revenues and decrease costs, which included reductions in staff and longer, heavier trains. A class action lawsuit alleged that this strategy led to increased train derailments and risk-taking at the expense of safety. In February 2023, a derailment in Ohio caused fires and hazardous material leaks, leading to a drop in the company’s stock price. The governor and EPA held Norfolk Southern responsible for the cleanup costs, and the attorney general considered legal action against them. Norfolk Southern announced a plan to improve operational safety, but the stock price fell further.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
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