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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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