NEW YORK, March 18, 2023 /PRNewswire/ —
FOR WHAT: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Norfolk Southern Corporation (NYSE: NSC) between October 28, 2020 And March 3, 2023, both dates inclusive (the “Class Period”). If you wish to act as lead plaintiff, you must move the Court not later than May 15, 2023.
SO WHAT: If you purchased Norfolk Southern securities during the Class Period, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Norfolk class action, go to https://rosenlegal.com/submit-form/?case_id=12322 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Or [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than May 15, 2023. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: During the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) the company’s PSR, including its use of longer and heavier trains with less staff, had led the company to experience an increase in train derailments and a significantly increased risk of future derailments; (2) the Company’s PSR, including its use of longer and heavier trains with fewer personnel, was part of a culture of increased risk-taking at the expense of reasonable safety precautions due to short-term concentration term of the Company solely on profits; (3) the Company’s PSR, including its use of longer and heavier trains with fewer personnel, has made the Company more vulnerable to train derailments and train derailments with human, financial, legal and environmental consequences potentially more serious; (4) the company’s capital expenditures and replacement programs have been designed to prioritize profits over the company’s ability to provide safe, efficient and reliable rail transportation services; (5) the company’s lobbying efforts had undermined the company’s ability to provide safe, efficient and reliable rail transportation services; (6) the company’s commitment to reducing operating expenses as part of its PSR goals undermined worker safety and the so-called “company commitment to an injury-free workplace” because the company’s PSR plan prioritized cost reduction through fewer staff, longer trains, and less spending on training, technology, and safety equipment such as hot roll detectors (a/k/a “hotboxes”) and acoustic sensors; (7) the Company’s rail services were, due to its adoption of PSR principles, more susceptible to accidents that could cause serious economic and bodily harm to the Company, Company workers, Company customers, third parties and the environment; (8) the company had not put in place responsive practices and procedures to minimize the threat to communities in the event that those communities were derailed by a Norfolk Southern train carrying hazardous and toxic materials; and (9) therefore, the defendants’ statements regarding the Class Period detailed above regarding the security of Norfolk Southern’s operations were materially false and/or misleading.
To join the Norfolk Southern class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=12322 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Or [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Lawyer advertisement. Previous results do not guarantee a similar result.
Contact details:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, Pennsylvania
