Proposed fund for victims of fiery train derailment that killed 47 grows to $270 million

IndustriesAssociated Press

A proposed settlement fund for victims of a fiery train derailment that killed 47 people in Quebec has grown to $270 million (U.S.) with a contribution from Irving Oil.

A court filing Friday in Canada identified 22 parties who have agreed to contribute, including Irving, which said it's providing $60 million to the fund. The filing indicates that those continuing to decline to participate are World Fuel Services Corp., which owned the oil shipment, and Canadian Pacific Railroad.

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A court-appointed bankruptcy trustee in Maine says participants in the settlement will be immune from lawsuits if courts agree to a global injunction.

Much of downtown Lac Megantic was destroyed when an unattended train with 72 oil tankers derailed in the middle of the night in July 2013.