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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Canadian Pacific Kansas City Limited | NYSE:CP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 2.33 | 3.00% | 79.90 | 79.78 | 78.11 | 78.67 | 3,100,757 | 01:00:00 |
From May 2022 to May 2024
By Jonathan Randles
The Supreme Court passed on an appeal, raising questions about bankruptcy court jurisdiction arising from a 2013 train derailment in Lac-Megantic, Quebec, that killed 47 people.
Justices on Tuesday declined to hear a case brought on behalf of victims who have been seeking to revive lawsuits against Canadian Pacific Railway Ltd., one of several companies sued in the disaster.
Plaintiffs argued lower courts improperly applied federal bankruptcy rules to their wrongful death claims instead of ordinary rules of federal civil procedure governing non-bankruptcy disputes. The distinction resulted in lower courts dismissing their claims against Canadian Pacific.
Write to Jonathan Randles at jonathan.randles@wsj.com
(END) Dow Jones Newswires
May 31, 2022 14:03 ET (18:03 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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