US court approves settlement in chem derailment

10 October 2007 00:25  [Source: ICIS news]

HOUSTON  (ICIS news)--A federal judge in North Dakota gave final approval on Tuesday to a $7m (€5m) class action settlement stemming from a deadly anhydrous ammonia chemical railcar spill in January 2002.

The settlement with Canadian Pacific Railway was expected to benefit thousands of residents of Minot, North Dakota, where a train derailed and caused the largest release of anhydrous ammonia in US history, according to the plaintiffs’ attorney, Gordon Rudd Jr.

The spill killed one man and injured residents trapped in the chemical cloud, according to Rudd’s website.

The plaintiff’s attorneys will receive $2.9m of the settlement, and the three lead plaintiffs will each receive $25,000, according to the settlement approved by District Judge Daniel Hovland.

“The settlement was the product of months of arm’s length negotiations conducted in good faith by experienced counsel after more than five years of contentious litigation,” Hovland said in the order.

($1.00 = €0.71)

By: Brian Ford
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index