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A Positive Step Forward for Victims and Families affected by the Lac-Mégantic disaster

Montreal, Maine & Atlantic Canada Co.’s (“MMAC”) Plan of Arrangement, providing for an indemnity fund in excess of $430 million to be distributed amongst the victims and families affected by the Lac-Mégantic tragedy, was unanimously approved by its creditors and currently awaits Court approval. Kugler Kandestin represents the U.S. Chapter 11 trustee of MMAC’s parent company, Montreal Maine & Atlantic Railway, Ltd.