A new telecom company approved as part of a class action settlement has now named seven persons to its Board of Advisors. The company, named Class Corridor, LLC, will be owned by more than 50,000 landowners along railroad lines in sixteen states in the East, South and Midwest. Norfolk Southern Corp. Class Corridor's assets will include real estate and conduits for future installation of fiber optic cable. This is the first company to be created by and for landowners to develop fiber optic cable corridors on their land. The plaintiffs announced that they will request a prompt hearing before the federal judge to make the injunction permanent and to seek financial recovery for the landowners.
Details are available in today's press release .
Additional information is available below in the July 28 press release. Thousands of Indiana landowners whose properties adjoin the corridors of the former Penn Central Railroad will soon receive notices explaining the benefits of settlement to affected landowners in this landmark class-action case. Details of this mailing can be found here in today's press release . A federal judge ruled this week that the government must pay a couple in Burlington, Vermont, for a strip of land taken to form part of the Burlington Bicycle Trail. This is believed to be the first ever damage award against the United States for property converted from rails to trails.