Train Crash Victims' Ch. 11 Plan Unworkable, Trustee Says

Law360, New York (February 27, 2014, 4:58 PM EST) -- Montreal Maine & Atlantic Railway Ltd.'s Chapter 11 trustee on Tuesday urged a bankruptcy judge to reject a disclosure statement filed by a group representing victims of a train derailment, saying the plan it supports is hopelessly flawed and unworkable.

Trustee Robert J. Keach contends the disclosure statement put forth by the unofficial committee of wrongful death claimants can't be approved because the Chapter 11 plan it describes violates the automatic stay, improperly seeks to control litigation and unfairly favors the committee's constituents, according to an...
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