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.

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LAC-MEGANTIC, Que. – Transport Canada was slammed Tuesday (Aug. 19) in a long-awaited report into last summer’s train disaster that claimed the lives of 47 people, for not forcing Montreal, Maine and Atlantic Railway to improve its safety record.

“Each time (Transport Canada inspectors) were saying, ‘OK, we found this, you’ve got to do this,’ but nobody was looking at it from a big-picture point of view to say, ‘Have we got a systemic problem? Have we got a pattern here?’ ” Wendy Tadros, president of the Transportation Safety Board, said in an interview.

Read the complete story at the Montreal Gazette.

MONTREAL – Montreal, Maine and Atlantic and three of its employees are to be charged Tuesday with criminal negligence causing death in connection with the Lac-Mégantic derailment.

Forty-seven people died after a runaway MMA crude oil train derailed and exploded there on July 6, 2013. Millions of litres of crude oil spilled in the accident.

Read the complete story at The Montreal Gazette.

Montreal, Maine & Atlantic Railway Ltd. (MM&A) had been the subject of repeated infraction notices for violations of the rules surrounding the securing of trains for years before the tragedy in Lac-Mégantic, but Transport Canada never imposed any sanctions on the company.

Those violations, documented in Transport Canada files obtained by Radio-Canada’s investigative program, Enquête, were noted several times in 2004 and 2009, and again in 2011 and 2012.

Read the complete story at the Canadian Broadcasting Corp.

Montreal, Maine & Atlantic Railway Ltd., whose runaway oil train exploded and killed 47 people in a Quebec town last month, had its operating certificate suspended by Canada’s transportation regulator.

The Canadian Transportation Agency said the carrier lacked sufficient liability coverage in the wake of the disaster in Lac-Megantic, according to a statement today. The suspension of the so-called certificate of fitness will take effect Aug. 20.

Read the complete story at Bloomberg Businessweek.