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Editorial: Priceless lessons learned from Cobell trust fund case

Filed Under: Cobell | Opinion
More on: montana

"The finish line to a race that started more than 17 years ago will be crossed later this month when plaintiffs in a lawsuit by American Indians against the federal government receive settlement payments.

The suit was filed by the Blackfeet Tribe’s Elouise Cobell and charged the federal government with squandering and mismanaging land trust royalties due to Native American landowners.

The $3.4 billion settlement in the case was reached before Cobell died of cancer in October 2011, but at the time of her death, payments were still delayed.

About 350,000 beneficiaries could start receiving $1,000 checks by the end of the month. Members of the second class in the suit will be paid $800 each, plus a share of the balance of the settlement funds as calculated by a formula based on the activity in their trust accounts. An additional $1.9 billion will be used by the government to buy fractured land allotments to be turned over to tribes. The settlement also will pay for educational scholarships for young Indians."

Get the Story:
Editorial: Lessons from Indian trust fight priceless (The Great Falls Tribune 12/2)

Related Stories:
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Jay Daniels: Christmas and Cobell - what about the day after? (11/29)
Upwards of 50K in Oklahoma share in $3.4B Cobell settlement (11/29)
Tribal members in Wyoming could see $8M from Cobell payout (11/29)
Cobell settlement comes too late for beneficiaries who passed (11/29)
Checks for $3.4B Cobell settlement expected in mid-December (11/28)
About 350K to share in first round of Cobell settlement payout (11/27)
Obama announces final approval for Cobell settlement payout (11/26)
About 30K in Arizona expected to benefit from Cobell payouts (11/14)
Geoffrey Rempel: The truth behind the withdrawn Cobell appeal (11/12)
Ask Elouise: Appeals of $3.4B Cobell trust settlement dismissed (11/8)
Cobell settlement cleared after Supreme Court dismisses appeal (11/8)
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Supreme Court refuses to take Kimberly Craven's Cobell appeal (10/29)
Secretary Salazar anticipates Cobell payments by end of year (10/23)
Beneficiaries want Supreme Court to review Cobell settlement (09/24)
Obama nominates Vince Logan, Osage, as new Special Trustee (09/24)
S.E. Ruckman: Indian Country wants to see Cobell payouts (09/18)
ICT refused to run Keith Harper's response on Cobell stories (09/18)
Keith Harper: Just a few truths about Obama, Cobell and me (9/12)
Ask Elouise: Lead counsel Dennis Gingold on status of payout (09/11)
Native Sun News: Cobell settlement on hold with more appeals (08/31)
Reply for Kimberly Craven's Cobell appeal due September 21 (08/24)
Kimberly Craven appeal delays $3.4B Cobell settlement again (08/23)
Cobell critic asks Supreme Court to review $3.4B settlement (08/20)

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