SHERBROOKE, Que. – Lawyers for Canadian Pacific Railway are asking a Quebec judge not to approve the proposed $430-million settlement fund for victims of the Lac-Megantic train derailment because they say the terms of the agreement are unfair to the company.
READ MORE: Canadian Pacific challenging responsibility in Lac-Megantic disaster in court
Alain Riendeau told Quebec Superior Court Justice Gaetan Dumas Wednesday those terms severely limit Canadian Pacific’s ability to defend itself in court.
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About 25 companies accused of responsibility in the July 2013 tragedy that killed 47 have put up millions in a settlement fund which would absolve them of legal liability.
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The fund was unanimously accepted by victims and creditors at a June 8 meeting in Lac-Megantic, Que.
Canadian Pacific is the only company accused in the disaster that has refused to participate.
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Riendeau told the court the rail disaster didn’t involve Canadian Pacific tracks, rail cars, products or employees.
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