Passamaquoddy Tribe reaches $11.4M trust fund settlement

Monday, April 2, 2012  

The Passamaquoddy Tribe of Maine has reached an $11.4 million trust fund settlement with the Obama administration.

The tribe sued the federal government over the management of a $13.5 million trust fund that was authorized by an act of Congress. The money came from the Maine Indian Claims Settlement Act in 1980.

Tribal members are asking the council to distribute the settlement on a per capita basis, The Bangor Daily News reported. The tribe consists of the Indian Township and Pleasant Point.

The Obama administration has entered negotiations with an estimated 75 tribes to settle their trust management lawsuits.

Get the Story:
Passamaquoddy tribe awarded $11.4 million in asset mismanagement dispute (The Bangor Daily News 4/2)

White House official also hopeful for tribal trust settlements (03/06)