HERMON — Once the sale of the bankrupt Montreal, Maine and Atlantic Railway is complete, that name will be filed away in the history books. Railroad Acquisition Holdings, the affiliate of New York-based investment firm Fortress Investment Group that is in the process of buying Montreal, Maine and Atlantic Railway out of bankruptcy, will change […]
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Posted inBusiness, Maine, sj-web
Wrongful death claimants in Lac-Megantic disaster want George Mitchell to oversee allocation of railroad’s funds
BANGOR — A Chicago law firm on Wednesday filed a proposal that would appoint former U.S. Sen. George J. Mitchell to oversee the allocation of available funds in the Montreal, Maine and Atlantic Railway’s bankruptcy case to the victims who have filed wrongful death and personal injury claims. The firm Meyers & Flowers filed the […]
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Posted inBusiness, Maine, sj-web
After bankruptcy sale, what’s next for beleaguered Montreal, Maine and Atlantic Railway?
The sale of the bankrupt Montreal, Maine and Atlantic Railway is all but certain at this point, but the buyer — Fortress Investment Group — remains mum on its reasons for wanting to acquire the bankrupt railroad or its future plans. While Fortress may not be talking, the Bangor Daily News is able to piece […]
Posted inBusiness, Maine, sj-web
‘Multiple bids’ made in auction for Montreal, Maine and Atlantic Railway assets
BANGOR — Multiple parties have made initial bids for the assets of the bankrupt Montreal, Maine and Atlantic Railway ahead of next week’s auction. The deadline for bids on the railroad’s assets was the end of the day Friday. Robert Keach, the railroad company’s trustee in its bankruptcy proceedings, told the Bangor Daily News after […]
Posted inMaine, Nation / World, sj-web
Canadian train carrying oil derails, catches fire near Maine border
Of the 17 cars that derailed late Tuesday in New Brunswick province, five contain crude oil and four contain propane, said Claude Mongeau, the chief executive of CN Rail. Some of the propane cars are venting and some of the crude cars are burning, he said. “It is contained, but it is evolving,” Mongeau said. […]
Posted inMaine, sj-web
Tenn. man to plead guilty to smuggling narwhal whale tusks in scheme run by ex-Mountie
BANGOR — One of two Americans and a Canadian charged in a cross-border case of smuggling rare narwhal tusks into the U.S. from Canada is scheduled to plead guilty Tuesday in U.S. District Court to charges connected with the operation. Jay Gus Conrad, 67, of Lakeland, Tenn., is expected to plead guilty to some or […]
Posted inMaine, sj-web
Van Buren man known as ‘Border Guy’ gets 10 years for running cocaine from Texas to Canada
BANGOR — A Van Buren man known as “The Border Guy” was sentenced Friday in U.S. District Court to 10 years in prison for his role in a drug-running scheme that brought cocaine from Texas to Canada through Maine. Robert Rossignol, 61, pleaded guilty in March to charges of conspiracy to possess with intent to […]
Posted inLewiston-Auburn
With polar bear attack behind him, grateful lawyer back at work
LEWISTON — Five months ago to the day on Christmas Eve, Matt Dyer woke to the shadow of a bear falling on his tent. The polar bear pulled him out by the neck and ran toward the water — and almost certain death for Dyer. “I guess I was just lucky, and lucky in many […]
Posted inFranklin, The Franklin Journal
Remainder of relief fund for Lac-Megantic to be delivered
FARMINGTON — Board of Selectmen Chairman Ryan Morgan announced on Friday that he would be going to Canada this week to deliver the remainder of the money from a relief fund to benefit Lac-Megantic. The Farmington Board of Selectmen and Town Manager Richard Davis set up the relief fund after a train hauling oil rolled […]
Posted inFranklin, The Franklin Journal
Hearing set for Canadian teen in police chase
FARMINGTON — A Canadian teenager accused of driving through a U.S. border crossing and ramming a federal agent’s vehicle Oct. 14 will face more charges once all police reports are received, an assistant district attorney said Wednesday. Zachary Wittke, 16, of Eganville, Ontario, sat beside his attorney, Christopher Berryment of Mexico, for what turned out […]