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LOS ANGELES, April 14, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Norfolk Southern Corporation (“Norfolk Southern” or “the Company”) NPC Investors who have filed a lawsuit on behalf of investors who have purchased Fate securities NPC between October 28, 2020 and March 3, 2023 (the “Collection Period”).

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

Norfolk Southern, a rail company, implemented a strategy called “Precision Scheduled Railroading” to increase revenue and cut costs, which has involved staff cuts 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 the spill of hazardous materials, causing the company’s stock price to fall. The governor and EPA blamed Norfolk Southern for the cleanup costs, and the attorney general was considering legal action against them. Norfolk Southern announced a plan to improve operational safety, but its share price continued to fall.

Please visit our website to verify further information and to submit your transaction information.

Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar results.

Lesley F. Portnoy, Esq.
Bar Association in CA and NY
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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