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Court Approves $7 Million Class Action Settlement Ending 5-Year Class Action Against CP Rail Based On Train Derailment And Chemical Spill

The Associated Press reports that a North Dakota federal court has approved $7 million class action settlement, bringing to a close a 5-year-old class action against CP Rail arising from a January 2002 derailment and chemical spill that “sent a deadly cloud” into the air and killed a man. AP reports that more than 40% of the class action settlement proceeds will go to the plaintiffs’ lawyers, who will get $2.9 million. The three lead plaintiffs will reportedly receive $25,000 each, leaving the estimated 2000 absent class members of the class action to split the remainder (roughly $2000 per class member). Claims must be submitted by November 8, 2007. The class action settlement reportedly will not affect any individual lawsuits filed against CP Rail.