Norfolk Southern also began tying executive compensation to achieving PSR goals. 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. 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. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.įor 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. 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. at (484) 270-1453 or via email at Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. CANNOT VIEW THIS VIDEO? PLEASE CLICK HEREĬONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
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