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Tag: Lac Megantic

Claims Deadline for Railroad Company

Claims Deadline for Railroad Company

| March 12, 2014

  PORTLAND, Maine – A bankruptcy judge has indicated a willingness to set June 13 as the deadline for claims against a Maine-based railroad responsible for a derailment that killed 47 people last summer in Quebec. Judge Louis Kornreich (KORN’-rysh) didn’t issue the order Wednesday, pending the outcome of a proceeding in Canada. But Michael […]

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Lac-Megantic Train Carrying Oil More Volatile Than Advertised.

Lac-Megantic Train Carrying Oil More Volatile Than Advertised.

| March 6, 2014

OTTAWA – The Transportation Safety Board says formal lab tests confirm the train that crashed and exploded in Lac-Megantic, Que., last summer was carrying oil that was more volatile than advertised. The board says it was actually as flammable as gasoline. The board took oil samples from nine tank cars that were intact after the […]

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Derailment Victims Seek Mitchell’s Help

Derailment Victims Seek Mitchell’s Help

| January 30, 2014

  AUGUSTA, Maine (AP) – Some victims of last year’s fiery train derailment in Canada want U.S. Sen. George Mitchell from Maine to serve as negotiator as they seek money from the bankrupt railroad company. A document filed with the U.S. Bankruptcy Count in Bangor late Wednesday from the Meyers & Flowers law firm shows […]

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Sale of MM&A Approved

Sale of MM&A Approved

| January 23, 2014

  PORTLAND, Maine (AP) – Judges in the U.S. and in Canada have approved the sale of a Maine-based railroad that went bankrupt after a fiery oil train derailment last summer in Canada. Chapter 11 trustee Bob Keach said New York-based Fortress Investment Group hopes to close on the purchase of Montreal, Maine and Atlantic […]

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MM&A Auction Could Happen Next Week

MM&A Auction Could Happen Next Week

| January 17, 2014

PORTLAND, Maine (AP) – Montreal, Maine & Atlantic, the Maine-based railroad that declared bankruptcy after one of its trains caused a disaster that killed 47 people in Canada, will go up for auction on Tuesday if additional bidders are deemed to be qualified. Trustee Robert Keach said one additional bid had been received before Friday’s […]

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