January 31, 2014
Montreal, Maine & Atlantic Railway Ltd.'s Chapter 11 trustee on Thursday sued the owner of the crude oil the company's train was carrying when a derailment killed 47 people and destroyed part of a Quebec town last summer, alleging the company mislabeled the oil as safe for transport.
January 23, 2014
A Maine bankruptcy judge on Thursday approved the sale of Montreal, Maine and Atlantic Railway Ltd. to Railroad Acquisition Holdings LLC, the winning buyer following an auction of the railway company, which was involved in a deadly crash in Canada this past summer.
January 22, 2014
New York-based investment firm Fortress Investment Group LLC on Tuesday bought the Maine-based railway company that was forced into bankruptcy after a fiery derailment in July killed 47 people and destroyed much of the downtown area in a small Quebec town, according to one of the losing bidders.