October 30, 2014

Bankrupt Maine railroad seeks help with legal fees

The trustee for Montreal, Maine & Atlantic Railway Ltd. wants U.S. taxpayers to pay the bankrupt railroad’s legal fees, according to a motion filed Monday in U.S. Bankruptcy Court.

The motion asks the court to carve out $5 million of the anticipated proceeds from selling the railroad’s assets and subtract it from the amount owed to the Federal Railroad Administration.

Read the complete story at the Portland Press Herald.