{"id":89666,"date":"2023-05-12T05:50:42","date_gmt":"2023-05-12T05:50:42","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=4e7a781b24ef88f14f4bd49271195b4b"},"modified":"2023-05-12T05:50:42","modified_gmt":"2023-05-12T05:50:42","slug":"nsc-final-deadline-alert-rosen-global-investor-counsel-encourages-norfolk-southern-corporation-investors-with-losses-in-excess-of-100k-to-secure-counsel-before-important-may-15-deadline-in-securit","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/nsc-final-deadline-alert-rosen-global-investor-counsel-encourages-norfolk-southern-corporation-investors-with-losses-in-excess-of-100k-to-secure-counsel-before-important-may-15-deadline-in-securit\/","title":{"rendered":"NSC FINAL DEADLINE ALERT: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Norfolk Southern Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important May 15 Deadline in Securities Class Action \u2013 NSC"},"content":{"rendered":"
\n

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) —
\n<\/strong><\/p>\n

WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Norfolk Southern Corporation (NYSE: NSC) between October 28, 2020 and March 3, 2023, both dates inclusive (the \u201cClass Period\u201d), of the important May 15, 2023 lead plaintiff deadline<\/strong>.<\/p>\n

SO WHAT:<\/strong> If you purchased Norfolk Southern common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the Norfolk Southern class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=12322<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. <\/strong>Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE: <\/strong>During the Class Period, defendants made false and\/or misleading statements and\/or failed to disclose that: (1) the Company\u2019s Precision Scheduled Railroading (\u201cPSR\u201d), including its use of longer, heavier trains staffed by fewer personnel, had led to the Company suffering increased train derailments and a materially increased risk of future derailments; (2) the Company\u2019s PSR, including its use of longer, heavier trains staffed by fewer personnel, was part of a culture of increased risk-taking at the expense of reasonable safety precautions due to the Company\u2019s near-term focus solely on profits; (3) the Company\u2019s PSR, including its use of longer, heavier trains staffed by fewer personnel, rendered the Company more vulnerable to train derailments and train derailments with potentially more severe human, financial, legal, and environmental consequences; (4) the Company\u2019s capital spending and replacement programs were designed to prioritize profits over the Company\u2019s ability to provide safe, efficient, and reliable rail transportation services; (5) the Company\u2019s lobbying efforts had undermined the Company\u2019s ability to provide safe, efficient, and reliable rail transportation services; (6) the Company\u2019s commitment to reducing operating expenses as part of its PSR goals undermined worker safety and the Company\u2019s purported \u201ccommitment to an injury free workplace\u201d because the Company\u2019s PSR plan prioritized reducing expenses through fewer personnel, longer trains, and less spending on safety training, technology, and equipment such as hot bearing wayside detectors (a\/k\/a \u201chotboxes\u201d) and acoustic sensors; (7) the Company\u2019s rail services were, as a result of its adoption of PSR principles, more susceptible to accidents that could cause serious economic and bodily harm to the Company, the Company\u2019s workers, the Company\u2019s customers, third parties, and the environment; (8) the Company had failed to put in place responsive practices and procedures to minimize the threat to communities in the event that these communities suffered the derailment of a Norfolk Southern train carrying hazardous and toxic materials; and (9) as a result, defendants\u2019 Class Period statements detailed above regarding the safety of Norfolk Southern\u2019s operations were materially false and\/or misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Norfolk Southern class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=12322<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8837672<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Norfolk Southern Corporation (NYSE: NSC) between October 28, 2020 and March 3, 2023, both dates inclusive (the \u201cClass Period\u201d), of the important May 15, 2023 lead plaintiff deadline. 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