The fire burning at the Lake Megantic derailment - 6 Jul 2013 Francois Laplante-Delagrave.
11 September 2013
Portland Law Firm Represents
Bankrupt MM&A Railroad
Portland Maine USA - A bankrupt railroad whose runaway train killed 47 people when it derailed and exploded in Quebec has hired a Portland law firm.
A bankruptcy judge on Tuesday agreed to allow Montreal Maine & Atlantic Railway (MMA) to hire Verill Dana to represent the company during the bankruptcy process.
Company trustee Robert Keach said the goal is to sell the Maine-based railroad by year's end.
The company says the sale is necessary to repay creditors and victims following the disaster.
The sale of the Hermon-based railroad would have to be approved by U.S. Bankruptcy Court.
If a buyer purchases all 512 miles of rail in Maine and Canada, then the deal would have to be approved by officials in both countries.