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$77M settlement proposed for families of Lac-Megantic victims

Lac-Megantic victims could receive cash by August
Smoke rises from tanker cars in downtown Lac-Megantic, Que., on July 6, 2013. The law firm representing the families of 47 people killed in the 2013 Lac Megantic train crash says it has received a financial proposal that would see them split $77 million in compensation. THE CANADIAN PRESS/Paul Chiasson

MONTREAL – A lawyer involved in proceedings related to the Lac-Megantic train tragedy says relatives of victims could receive their share of a $77-million settlement as early as August.

U.S. attorney Robert Keach said today U.S. and Canadian courts still need to approve the plan to disperse roughly $300 million to claimants after the disaster in 2013 that killed 47 people.

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Keach said if there are no court delays, the families of the 47 victims as well as the relatives of a firefighter who committed suicide after the disaster will begin to receive cheques by August or early September.

The $300 million was cobbled together from nearly two dozen companies, including oil-exploration firms, tank car owners, Irving Oil and Montreal Maine and Atlantic Railway.

More than $77 million of that sum is earmarked for families of victims, while the rest will go to municipal, provincial and federal governments as well as other claimants.

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Canadian Pacific Railway and World Fuel Services Corp., two major defendants in the wrongful death lawsuit, are not part of the settlement and lawyers for the victims are continuing their fight to receive payments from them.

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