Fronteras: Second payment from Cobell settlement due in fall

Tuesday, June 18, 2013  

Indian beneficiaries in Arizona, New Mexico, California and Texas are due to receive another $312 million from the $3.4 billion Cobell trust fund settlement, Tristan Ahtone of Fronteras reports:

Native Americans in the Southwest have received more than $96 million as a result of the nation's largest class action lawsuit against the federal government, and an additional $312 million is expected to be sent out this fall.

The money comes from a $3.4 billion settlement regarding the mismanagement of money owed to Native Americans during the last 126 years.

Since 1887, the federal government has managed land owned by Native Americans, as well as the income those lands generated. For instance, if a Native person leased land to a company or individual, the money owed to that person went to an account managed by the government.

Get the Story:
Native Americans Receive Checks From Massive Class Action Settlement (Fronteras 6/13)

Second payout from Cobell settlement expected in the fall (05/23)