Compensation package bolstered by recent addition from oil company
Victims of the Lac-Megantic train derailment vote today on whether or not to accept a settlement package to compensate for their losses.
The settlement was bolstered yesterday when World Fuel Services announced it was adding $135 million to the package, bringing the total deal to $435 million.
World Fuel Services is the broker that sold the oil which was in the tanker cars that derailed. It was criticized for poorly identifying the product in the train cars.
The Montreal Maine and Atlantic Canada Co., its insurance carrier, rail-car manufacturers and some oil producers had already contributed to the compensation package.
About half of the total compensation will go to the pay back the federal, provincial and municipal governments, and cover legal fees.
Families of the 47 victims will split about $100 million of the settlement.
People who have received physical or psychological injuries will also be compensated, as will as home and business owners whose properties were destroyed by the fire.
Canadian Pacific Railway is the only company named in a class action lawsuit that has refused to pay into the compensation fund.
The company will be facing lawyers for the victims' families in court next week.
Lac-Mégantic victims, families vote on $435M compensation package - Montreal - CBC News
Victims of the Lac-Megantic train derailment vote today on whether or not to accept a settlement package to compensate for their losses.
The settlement was bolstered yesterday when World Fuel Services announced it was adding $135 million to the package, bringing the total deal to $435 million.
World Fuel Services is the broker that sold the oil which was in the tanker cars that derailed. It was criticized for poorly identifying the product in the train cars.
The Montreal Maine and Atlantic Canada Co., its insurance carrier, rail-car manufacturers and some oil producers had already contributed to the compensation package.
About half of the total compensation will go to the pay back the federal, provincial and municipal governments, and cover legal fees.
Families of the 47 victims will split about $100 million of the settlement.
People who have received physical or psychological injuries will also be compensated, as will as home and business owners whose properties were destroyed by the fire.
Canadian Pacific Railway is the only company named in a class action lawsuit that has refused to pay into the compensation fund.
The company will be facing lawyers for the victims' families in court next week.
Lac-Mégantic victims, families vote on $435M compensation package - Montreal - CBC News