Portland, Maine — A bankruptcy judge on Thursday morning will consider approval of the bankruptcy reorganization plan for the Montreal, Maine and Atlantic Railway.
The railroad was responsible for an oil train derailment in 2013 that killed 48 people, leveled the downtown of Lac-Megantic, Quebec, and became a flashpoint for regulators in the United States and Canada to issue new safety standards for trains carrying flammable fuels.
U.S. Bankruptcy Judge Peter Cary began hearing motions to confirm the liquidation plan for the railroad at 9 a.m., first dealing with a motion from Canadian Pacific Railway requesting unredacted settlement agreements between the bankruptcy estate and 24 other parties.
Read more from bangordailynews.com.
Related News
- Countdown To Election Day 2024!
- Protected: Election 2024 talking points
- Election 2024: The union difference
- Four new appointees named to SMART GEC
- SMART Convention delegates vote to endorse Vice President Harris for president
- 2024 Top 31 PAL local unions
- RME members: Make your voices heard ahead of national negotiations!
- Tom Wiant moves from International rep. to assistant to the general president
- SMART TD, TTD Set For Victory Over Carriers On Train Length Data Collection
- SMART-TD, RME members secure paid sick leave for rail workers at Union Pacific