Canadian railway company in runaway train crash files for bankruptcy

The Montreal, Maine and Atlantic Railway Ltd., the train company involved in the deadly crash last month in Lac-Megantic, Quebec, that left at least 42 people dead, filed for bankruptcy in the United States and Canada, the railway said Wednesday.

The unmanned, runaway 73-car train slammed into the center of Lac-Megantic in the early morning of July 6, and tank cars full of oil exploded and burned in the heart of the commercial district.

The train had been parked in the neighboring Quebec town of Nantes but it rolled into motion after the engineer went to a hotel. The accident is under investigation.

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