Final Deadline Approaching on May 15, 2023 for NSC Investors

Kessler Topaz Meltzer & Check, LLP Reminds Norfolk Southern Corporation (NSC) Investors of Class Action Lawsuit Deadline

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio (Eastern Division) against Norfolk Southern Corporation (“Norfolk Southern”) (NYSE: NSC). The action charges Norfolk Southern with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Norfolk Southern’s materially misleading statements and omissions to the public, Norfolk Southern’s investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR NORFOLK SOUTHERN LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/norfolk-southern-corporation?utm_source ...

LEAD PLAINTIFF DEADLINE: MAY 15, 2023

CLASS PERIOD: OCTOBER 28, 2020 THROUGH MARCH 3, 2023

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at [phone] or via email at [e-mail]

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

NORFOLK SOUTHERN’S ALLEGED MISCONDUCT

For several years leading up to the beginning of the Class Period, Norfolk Southern took a number of measures which put profits and executive compensation over safety. For example, in October 2018, Norfolk Southern adopted “Precision Scheduled Railroading” or “PSR” which was purportedly aimed at producing better service at a lower cost. In actuality, the company sought to increase revenues by cutting operating costs including reducing staff, running fewer, heavier, faster trains and optimizing the company’s networks in order to increase efficiency. Norfolk Southern also began tying executive compensation to achieving PSR goals. For example, in 2021, multiple Norfolk Southern executives received millions of dollars in cash bonuses for reducing costs by achieving “record performance for train length and weight.” Industry critics have warned that this type of compensation system incentivizes executives to cut costs at the expense of safety and also leads to longer and more dangerous trains which “have greater damage done, greater, larger pileups, fires and so on.” At the same time, Norfolk Southern and its lobbyists played a key role in defeating an Obama-era safety rule that was used following a number of oil train accidents, including the “ECP Brake Rule” which was ultimately repealed in 2018.