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Judge orders first round of payments from Cobell settlement
Wednesday, December 12, 2012
Filed Under: Cobell
More on: keith harper
 
A federal judge issued on order on Tuesday that authorized the first round of payments from the $3.4 billion Cobell trust fund settlement.

Between 325,000 to 350,000 Indian beneficiaries across the country will receive a $1,000 check. The payment covers the historical accounting portion of the settlement.

“With this authorization from U.S. District Judge Thomas F. Hogan, we are working non-stop to get this first round of checks to as many class members as possible before Christmas,” said attorney Keith Harper, a member of the Cherokee Nation.

A second round of payments will cover the trust administration portion of the settlement. Most beneficiaries will receive $800 but many will receive more based on the level of activity in their fund account.

In the order, Judge Hogan said the payments will come after all eligible beneficiaries are identified, a process that will run through July 2013.

Related Stories:
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Dennis Gingold withdraws as counsel in Cobell trust fund case (12/7)
South Dakota could see $115M in first round of Cobell payout (12/3)
Editorial: Elouise Cobell worked tirelessly for trust settlement (12/3)
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Opinion: Cobell trust fund settlement payout 'insultingly small' (12/3)
NPR: South Dakota beneficiaries await share of Cobell payout (11/30)
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)
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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)
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