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Suit seeks damages from UP directors. (Omaha-World-Herald)
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A UP corp. shareholder has sued the company's directors,including chief executive richard davidson,contending that their handling of rail accidents and other incidents cost the company millions of dollars. <br />Investor david jaroslawicz suid 12 directors on behalf of UP,the biggest US Railroad,saying they breached their duty to act in the best interest of the company,according to papers filed in a Utah court last week. Omaha based UPRR would collect any damages in the suit,which cites costs of $103 million from a single derailment in 2000. <br />A series of New York times articles last year said that UPRR and other RR's destroyed or tampered with evidence in crossing accidents and that the US Transportation Department failed to investigate the wrecks. <br />"UPRR has recived the complaint and is reviewing it with council," UPRR spokesman John Bromley said Tuesday. "The company has no further comment at this time." <br />-----Bloomberg News. <br />BNSFrailfan.
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