October 09, 2015
A Maine bankruptcy judge on Friday confirmed the bankruptcy plan of Montreal Maine & Atlantic Railway Ltd., whose fortunes plummeted after a fiery 2013 oil train derailment that killed 47 people in the town of Lac-Megantic, Quebec.
October 08, 2015
Great American Insurance Company on Wednesday agreed to pay out $3 million in coverage to Montreal Maine & Atlantic Railway Ltd. to settle a liability dispute arising from a fiery 2013 oil train derailment that killed 47 people in the town of Lac-Megantic, Quebec.
September 25, 2015
The final confirmation of a $341 million settlement for the victims of a fiery 2013 oil train derailment that killed 47 people in the town of Lac-Megantic, Quebec, was delayed Thursday to give the lone opposing party more time to agree on terms for withdrawing its objection.
June 11, 2015
The U.S. Trustee on Thursday objected to sealing a $355 million proposed settlement that will be paid to victims of a fiery 2013 oil train derailment that killed 47 people in a small Quebec town, arguing that the information should remain public.
January 12, 2015
The Canadian arm of Montreal Maine & Atlantic Railway Ltd. has agreed in a Quebec court to dish out $200 million to the victims of a deadly July 2013 train derailment, according to attorneys representing the victims and their families.
June 16, 2014
Quebec's government has joined a group of creditors filing claims against bankrupt Montreal Maine & Atlantic Railway Ltd., and announced Monday that it will seek CA$409 million ($377 million) for the company's role in a derailment that killed 47 people last year.
April 09, 2014
A Maine bankruptcy judge on Tuesday rejected the disclosure statement for a competing Chapter 11 plan filed by a group representing the estates of the 47 victims of Montreal Maine & Atlantic Railway Ltd.'s devastating July train derailment, holding that the proposed plan is flawed and unconfirmable.
March 24, 2014
A Maine federal judge on Friday moved 19 wrongful death suits over a fatal Canada train derailment from Chicago to Maine, finding they belonged in the same venue as the already underway bankruptcy proceedings of the oil-toting railroad company.
February 27, 2014
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.
February 05, 2014
The estates of 46 people killed in a train derailment objected Tuesday to the appointment of Paul Hastings LLP as counsel for an official victims committee in Montreal Maine & Atlantic Railway Ltd.'s bankruptcy, saying the firm's representation of World Fuel Services Corp. created a conflict of interest.