Fortress Affiliate Believed to Bid on MM&A Railway


An affiliate of investment firm Fortress Investment Group LLC is believed to have made a play to acquire the Montreal, Maine & Atlantic Railway Ltd., which was involved in a deadly crash this past summer, out of bankruptcy protection.

Bankruptcy trustee Robert J. Keach, who is overseeing the railway company's Chapter 11 case, said Friday that it is his "understanding" that proposed buyer Railroad Acquisition Holdings LLC is affiliated with Fortress, the publicly traded investment firm that has about $58 billion in assets under management.

This The Wall Street Journal Article features Bernstein Shur attorney Robert Keach.

Please see full Article below for more information.

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Published In: Bankruptcy Updates, Mergers & Acquisitions Updates, Transportation Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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