[net-gold] DISASTERS: EXPLOSIONS : TRANSPORTATION: RAILROAD: FREIGHT : PETROLEUM : ENVIRONMENT: OIL SPILLS: COUNTRIES: CANADA : The Legal Quagmire of Lac-Megantic
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Nabble Groups Net-Gold <ml-node+s3172864n3172864h56@xxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, "Net-Gold @ Wiggio.com" <netgold@xxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Sat, 17 May 2014 23:18:01 -0400 (EDT)
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DISASTERS: EXPLOSIONS :
TRANSPORTATION: RAILROAD: FREIGHT :
PETROLEUM :
ENVIRONMENT: OIL SPILLS:
COUNTRIES: CANADA :
The Legal Quagmire of Lac-Megantic
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The Legal Quagmire of Lac-Megantic
Plans are finally taking shape for financial compensation of derailment
victims
By Monique Beaudin,
Gazette environment reporter
April 20, 2014
Montreal Gazette
http://www.montrealgazette.com/news/
legal+quagmire+M%C3%A9gantic/9757722/story.html
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A shorter URL for the above link:
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http://tinyurl.com/mbn9tjh
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Nine months after a runaway oil train derailed in Lac-Mantic, killing 47
people and destroying a large chunk of the town, a plan for financially
compensating disaster victims is taking shape.
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Judges in Quebec and Maine have approved a joint cross-border process for
victims of the accident to file claims against Montreal, Maine and
Atlantic Railway and its Canadian operations, Montreal, Maine and Atlantic
Canada. The two companies have been under bankruptcy protection since
August.
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Thousands of claims related to the derailment are expected to be filed
against MMA. Public information meetings on the financial-claims process
are to begin in Lac-Mantic next week. Claims must be filed by the middle
of June.
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People who lost family members, homes and businesses have turned to
Canadian and American courts for financial compensation, but the process
has been slow. The estates of several of the 47 people killed on July 6
have filed wrongful-death lawsuits in the U.S. Lawyers have also begun
proceedings to bring a class action in Quebec. Quebec has already ordered
six companies to clean up and decontaminate the town, a move that is
facing a legal challenge.
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The American lawyer overseeing MMA's U.S. bankruptcy proceedings himself
admits figuring out how victims will be compensated is "quite
complicated".
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One of the biggest questions is who has the money to pay for the accident
- compensating victims and secured creditors, covering cleanup costs and
paying damages that several companies are claiming as a result of the
derailment.
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MMA was sold in January to New York-based Railway Acquisitions Holdings,
for $14.25 million, less than what it owes its secured creditors.
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That leaves a $25-million insurance policy and the possibility of a
settlement fund composed of contributions from several companies targeted
by legal action after the accident, said Robert Keach, MMA's U.S. Chapter
11 trustee.
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Another possible source of financial compensation for victims could come
from a lawsuit Keach filed against World Fuel Services, Western Petroleum
and Petroleum Transport Solutions, the companies that arranged for the
shipment of the crude oil on the train. Keach argued they were to blame
for the accident since the oil had been mislabelled as being less volatile
than it actually was.
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The complete article may be read at the URL above.
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More on the Lac-Mantic disaster from Net-Gold
https://groups.yahoo.com/neo/groups/Net-Gold/search/messages?query=megantic
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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