Amtrak to pay $265 million for Philly crash

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Amtrak to pay $265 million for Philly crash

Unread postby Garry K » Thu Oct 27, 2016 3:15 pm

From http://www.detroitnews.com/story/news/nation/2016/10/27/amtrak-crash-settlement/92826224/:

Philadelphia — Amtrak will pay $265 million to settle claims related to a crash last year that killed eight people and injured more than 200 others when a speeding train derailed on a curve at night.

The settlement allows victims to have their awards in hand by June instead of waiting years for a lawsuit to play out, their lawyers said Thursday. The deadline to join the settlement program is Nov. 21.

“The program basically allows for a judge, with help from two masters, to hold hearings and evaluate damages,” said lawyer Thomas R. Kline, who led the team of plaintiffs lawyers negotiating with Amtrak.

U.S. District Judge Legrome D. Davis of Philadelphia approved the settlement Thursday.

Amtrak had previously taken responsibility for the May 2015 crash of the Northeast Regional train traveling from Washington to New York. Federal law caps payouts for any one accident at $295 million.

Amtrak has agreed to put up the money by Feb. 28. Individuals may get the full value of their claims — or more or less — depending on how far the settlement fund stretches.

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Re: Amtrak to pay $265 million for Philly crash

Unread postby hoborich » Tue Nov 01, 2016 8:05 pm

Lawyers can take up to 40% of a settlement for their fees.
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