Trustees of the Lac-Megantic settlement have fully funded the accounts to the over $330-million level as directed in the agreement, WCSH6.com reported yesterday. Robert J. Keach of Bernstein Shur, the chapter 11 trustee for Montreal Maine & Atlantic Railway, Ltd., and Richter Advisory Group, Inc., the monitor in the CCAA case for Montreal Maine & Atlantic Canada, announced yesterday that the settlement fund has been fully funded. A press release said the trustee will transfer approximately $82-million to the trust for the benefit of the holders of wrongful death claims starting this week. $228-million will be distributed to the holders of personal injury, moral damage, and economic and property claims, as well as to the federal, provincial and local government claims, will be handled by the monitor and will also proceed in the New Year.
