Investors of Norfolk Southern Stock May Have Legal Claims – NSC
Date21 Feb 2023//
CategoriesBlog, Shareholder Investigations
Norfolk Southern Stock Investors Who Have Held NSC Stock Since At Least February 2, 2023 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Norfolk Southern Corporation (“Norfolk Southern”) (NYSE: NSC) breached their fiduciary duties to Norfolk Southern and its shareholders.
The investigation concerns whether members of Norfolk Southern’s board of directors or senior management failed to manage Norfolk Southern in an acceptable manner, in breach of their fiduciary duties to Norfolk Southern, and whether Norfolk Southern and its shareholders have suffered damages as a result.
On February 3, 2023, a Norfolk Southern train derailed around East Palestine, Ohio, near the border with Pennsylvania, leaking toxins such as vinyl chloride, butyl acrylate, benzene residue, and other combustible liquids.
Norfolk Southern now faces numerous lawsuits and investigations from regulators and individuals stemming from the derailment.