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0 0.000160282096489904 0.00144253886840845 0.00160282096489824 0.000480846289469484 0.000320564192979694 -0.000480846289469371 0.00336592402628628
Stock impact report

Norfolk Southern loses bid for legal fees after beating rival CSX's lawsuit [Reuters]

CSX Corporation (CSX) 
Last csx corporation earnings: 4/22 04:02 pm Check Earnings Report
Company Research Source: Reuters
CSX Transportation (CSX.O) lawsuit that claimed the freight rail rival had unlawfully restricted access to a major marine terminal in Virginia. Chief U.S. District Judge Mark Davis in Norfolk, Virginia, federal court concluded that judges have discretion to grant fees under a Virginia business-conspiracy state law but that such awards are not presumptive or automatic. CSX in its antitrust lawsuit sought hundreds of millions of dollars in damages against Norfolk Southern, and CSX has since appealed the dismissal of its case to the 4th U.S. Circuit Court of Appeals in Richmond. Norfolk Southern, as a prevailing defendant, sought fees under what Davis said was a "rarely applied" state law. In his ruling, Davis said Norfolk Southern had not made a "convincing argument" that a fee award was "equitable or just" or that it would serve to deter future "improper" lawsuits. "To the contrary, awarding fees in this case could act to stifle legitimate future claims," Davis wrote. A spoke Show less Read more
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