Amtrak Agrees To $265M Settlement Over Deadly Derailment

Amtrak agreed Thursday to pay $265 million to victims of a crash in Philadelphia in 2015, which killed eight and injured 200 when a train derailed in a curve at twice the speed limit. The money will be divided among the victims through the settlement of a lawsuit in U.S. District Court in eastern Pennsylvania. Under the 25-page agreement, victims must decide by Nov. 21 whether to participate in the settlement. Two court masters will review submissions from the participants by Dec. 20. Amtrak and its insurers will give $265 million to a court-supervised trust by Feb. 28, with offsets for previous payments of up to $10,000 per passenger for funerals, transportation and lodging expenses.