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South Dakota could see $115M from 1st round of Cobell payout

Filed Under: Cobell
More on: south dakota
     

Indian beneficiaries in South Dakota could see between $105 million and $115 million from the first round of the Cobell trust fund settlement, an attorney said.

Checks of $1,000 will be mailed after the $3.4 billion settlement is transferred to the court-approved bank. That's expected before the end of the month.

Nationwide, 350,000 Indian beneficiaries are slated to receive the $1,000 payment to settle historical accounting claims. A second round of payments, to cover trust administration, will come at a later date.

Get the Story:
Indian lawsuit money paid out soon (The Sioux Falls Argus Leader 12/2)

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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)
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Geoffrey Rempel: The truth behind the withdrawn Cobell appeal (11/12)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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Cobell critic asks Supreme Court to review $3.4B settlement (08/20)


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