Railway in deadly Quebec explosion files for bankruptcy
The railway whose runaway train killed 47 people in Lac-Megantic, Quebec, last month filed for bankruptcy protection in Canada and the United States on Wednesday as it faces mounting pressure from authorities to pay for the disaster cleanup.
Montreal, Maine & Atlantic Ltd (MMA) filed for bankruptcy in both countries to preserve the value of its assets for a potential sale, according to court documents filed with the US Bankruptcy Court in Maine. (Reuters)
