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Canadian Pacific lone holdout to settlement


Canadian Pacific Railway Ltd. continues to fight a settlement for victims of the July 6, 2013, crash, explosion and fire in Lac-Mégantic, Quebec, that killed 47 people and devastated much of the town.

Dozens of companies linked to the crash involving tank cars carrying Bakken crude oil agreed in June to a settlement of $430 million for the victims of the crash.

Canadian Pacific, which had transported the tank cars before the Montreal, Maine & Atlantic Railway Ltd. took over, was the only company that did not agree to the settlement.

Last month, a Quebec Superior Court judge rejected Canadian Pacific's objections to the settlement, which the railway appealed in late July.