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Judge OKa s $430-million settlement fund for Lac-Megantic victims and creditors

2015-07-14 01:08:40| Railroads - Topix.net

The $430-million settlement fund proposal for victims of the Lac-Megantic train disaster is fair and can proceed despite objections by Canadian Pacific Railway Ltd., a Quebec judge ruled Monday. Superior Court Justice Gaetan Dumas rejected two Canadian Pacific motions aimed at stopping the fund, which is earmarked for more than 4,000 victims and creditors in connection with the derailment that killed 47 people in July 2013.

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