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$338M Fund in Deadly Oil Train Derailment Close to Approval

October 9, 2015 | ABC News| A Canadian railroad’s withdrawal of opposition to a $338 million fund for victims of an oil train derailment that killed 47 people in Quebec has set the stage for final approval and compensation for victims.

A U.S. bankruptcy trustee and Canadian Pacific agreed to modify the settlement fund to give the railroad some legal protection, prompting the railroad’s decision to end its objections. A Canadian judge gave conditional approval on Thursday, and a U.S. bankruptcy judge is to consider the plan Friday.

[Read the entire article here.]


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