Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in eastern Ohio.

Pending court approval, the agreement would resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.

A Norfolk Southern freight train caught fire and released more than a million gallons of hazardous materials and pollutant in the town of East Palestine in February 2023.

The company did not admit liability or wrongdoing, but will provide compensation 'for past, present and future personal injuries resulting from exposure to the chemicals involved', the lawyers bringing the action against Norfolk Southern said in a joint statement.

The settlement is expected to be submitted for preliminary approval to the U.S. District Court for the Northern District of Ohio later in April 2024. Payments under the settlement could begin by the end of the year, subject to final court approval.