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Surface Transportation Board (via Public) / STB Extends Public Comment Period for CP/KCS Merger Environmental Impact Statement

Surface Transportation Board (via Public) / STB Extends Public Comment Period for CP/KCS Merger Environmental Impact Statement
publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.

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Surface Transportation Board (via Public) / STB Accepts CP/KCS Merger Application For Consideration

Surface Transportation Board (via Public) / STB Accepts CP/KCS Merger Application For Consideration
publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.

United States , Gateway Eastern Railway Company , Kansas City Southern , Canadian Pacific Railway Company , Delaware Hudson Railway Company Inc , Kansas City Southern Railway Company , Canadian Pacific Railway , Minnesota Eastern Railroad Corporation , Soo Line Railroad Company , Canadian Pacific Railway Limited , Texas Mexican Railway Company , Central Maine Quebec Railway Us Inc , Kansas City Southern Railway , Surface Transportation Board , Pacific Railway Limited , Central Maine , Quebec Railway , Eastern Railroad Corporation , Hudson Railway Company , Control Kansas City Southern , Surface Transportation Board Via Public Stb Accepts Cp Kcs Merger Application For Consideration ,

CP Remains Ready to Re-engage with KCS; CP to Proceed with STB Application Process

/PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) sent the following letter to the Surface Transportation Board ("STB") today in response to. ....

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CP: CN's proposed voting trust timetable is not constructive and not serious

Canadian National Ry. – Control – Kansas City Southern
Dear Ms. Brown:
I am writing on behalf of the Canadian Pacific
1 in response to the Motion to Adopt Procedural Schedule for Renewed Motion for Approval of Voting Trust Agreement (CN-15) filed by Canadian National ( CN ) this morning.
CN s proposed three business day period for public comment on a Renewed Motion it has not yet prepared or filed is not constructive,
2 and is based on the false premise that members of the public were under an obligation to respond yesterday (
i.e., were only a few hours from the deadline to do so ) to CN s previous motion for voting trust approval. The Board should not be cowed by CN s gamesmanship and aggressive tactics. ....

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Contamination/Asset Purchase Agreement: Federal Appellate Court Interprets Indemnification Provision | Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C.

The United States Court of Appeals for the Seventh Circuit (“Court”) addressed in a March 31st Opinion the indemnification provision of an Asset Purchase Agreement (“APA”) involving contamination that was identified subsequent to closing. See Wisconsin Central Ltd. v. Soo Line Railroad Co., No. 19-3129.
One of the questions involved whether a claim had occurred within the meaning of the APA triggering indemnification.
In 1987 Wisconsin Central, Ltd. (“Wisconsin Central”) entered into an APA with the Soo Line Railroad Company (“Soo Line”) to purchase certain rail lines. The APA allocated responsibility between the parties for future environmental liabilities.
Soo Line agreed to retain liability and indemnify Wisconsin Central for: ....

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