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Legal Commentary
: TalkLeftU.S. To Pay $1.4 Billion to Settle Indian Trust Lawsuit
By Jeralyn
The United States today agreed to pay $1.4 billion to settle a class action lawsuit over the Interior Department's mismanagement of Indian trust accounts.
The potential settlement, which must still be approved by Congress and the courts, would bring a close to the long-running Cobell Indian trust case, and would result in payments to roughly 300,000 individual Indian trust accounts. It would also create a $2 billion program to consolidate ownership of Indian trust lands.
Urging acceptance of the deal: Attorney General Eric Holder and Interior Secretary Ken Salazar.
Full post as published by TalkLeft on December 08, 2009 (boomark / email).
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