Checks for $3.4B Cobell settlement expected in mid-December
Wednesday, November 28, 2012
Filed Under:
Cobell
More on: arizona, doi
Checks for beneficiaries of the $3.4 billion
Cobell trust fund settlement could start going out during the week of December 10, an attorney for the plaintiffs said.
The $3.4 billion must first be transferred to a court-approved bank. That's expected within the next two weeks, lead counsel Dennis Gingold told Cronkite News.
The checks will be sent to the mailing address on file for beneficiaries.
The $1,000 payment will settle historical accounting claims.
About 350,000 will receive a check, according to the Cobell attorneys. An estimated 30,000 are in Arizona.
Get the Story:
Historic $3.4 billion Cobell settlement final, clearing way for tribal payments
(Cronkite News 11/27)
Cobell Settlement checks are coming
(The Cherokee One Feather 11/28)
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