July 13, 2015 / 4:58 PM / 2 years ago

Judge rejects CP Rail challenge to Lac-Megantic settlement

July 13 (Reuters) - A Quebec judge rejected Canadian Pacific Railway Ltd’s challenge to a settlement for victims of the Lac-Megantic crude by rail disaster on Monday, clearing the way for compensation payments.

Parties named in a class action lawsuit, including closely-held Irving Oil, General Electric, Shell Oil Company, ConocoPhillips, Marathon Oil and others, have agreed to contribute to a C$431 million ($338.28 million) compensation fund.

$1 = 1.2741 Canadian dollars Reporting by Allison Lampert; Writing by Allison Martell

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below