A challenge by Canadian Pacific Railway over settlements for victims of a crude-buy-rail oil disaster has been rejected by a judge.
The company has been subject to a class action lawsuit following the incident in which 47 people were killed and the main downtown region of a town were destroyed following the derailment of a train.
A number of parties, including General Electric, Shell and ConocoPhillips had agreed to a $338.28million compensation fund for victims of the incident on July 6, 2013.
Canadian Pacific had transported the tank cars of oil involved in the accident before handing them over to the now insolvent Montreal, Maine & Atlantic Railway which had been operating the train at the time of the crash.
The company had not agreed to the settlement and had challenged the court’s jurisdiction in approving the deal.
Canadian Pacific now has 21 days to appeal the ruling which it said it was not responsible for.