Settlement reached over Quebec oil train derailment
Source: BBC
Settlement reached over Quebec oil train derailment
9 October 2015 US & Canada
A settlement has been reached for victims of an oil train derailment in Canada that killed 47 people.
The C$445 million (£221 million) fund was held up by Canadian Pacific, one of the companies involved in the incident.
On Friday, the settlement was approved by a judge in the US, where the deal is linked to the bankruptcy filing of another plaintiff.
In 2013, a train carrying 72 oil tankers derailed causing an explosion in downtown Lac Megantic, Quebec.
The settlement ends a lawsuit brought by the victims against two railways - Montreal Maine & Atlantic Railways (MMA) and Canadian Pacific - as well as insurance companies and a dozen other firms.
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Read more: http://www.bbc.com/news/world-us-canada-34469300