US, Canadian judges coordinate railroad bankruptcy; focus is on compensating Lac-Megantic victims, trustee says

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The adoption of cross-border protocols by judges in Canada and the U.S. on Wednesday will allow the Montreal, Maine and Atlantic Railway bankruptcy to move forward so that the victims of the Lac-Megantic train disaster may receive compensation as quickly as possible, the trustee assigned to oversee the case said.

“The U.S. case and the Canadian case are being administered primarily for the victims,” Robert Keach, a Portland lawyer who was appointed Aug. 22 to serve as trustee during the bankruptcy proceeding, said after a hearing in Bangor. “Wrongful death litigants and any personal injury claims will be paid after any secured debt is paid,” Keach said.

This Bangor Daily News Article features Bernstein Shur attorney Bob Keach.

Please see full article below for more information.

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Topics:  Bodily Injury, Canada, Commercial Bankruptcy, Cross-Border, Railways, Trains, Victim Compensation Fund, Wrongful Death

Published In: Bankruptcy Updates, International Trade 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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