Checks for beneficiaries of the $3.4 billion Cobell trust fund settlement could start going out during the week of December 10, an attorney for the plaintiffs said.

The $3.4 billion must first be transferred to a court-approved bank. That's expected within the next two weeks, lead counsel Dennis Gingold told Cronkite News.

The checks will be sent to the mailing address on file for beneficiaries. The $1,000 payment will settle historical accounting claims.

About 350,000 will receive a check, according to the Cobell attorneys. An estimated 30,000 are in Arizona.

Get the Story:
Historic $3.4 billion Cobell settlement final, clearing way for tribal payments (Cronkite News 11/27)
Cobell Settlement checks are coming (The Cherokee One Feather 11/28)

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