Indian beneficiaries in Oklahoma demand release of Cobell settlement funds at this protest last year. Photo from Katherine Ware-Perosi / Change.Org
The final checks from the $3.4 billion Cobell trust fund settlement are almost ready, according to the parties involved. The Cobell legal team and the Garden City Group -- the firm that was appointed by the court to administer the settlement -- were waiting on the Interior Department to finalize the data needed for the Trust Administration Class payment. The information was provided by August 30. The Garden City Group is now validating the information. Once that process is complete, the legal team will seek court approval to distribute the payments, which could happen by the end of September. "GCG is prepared to commence sending out checks within three weeks as long as the court gives final approval for the Trust Administration Class distribution. We will update the website when the first checks have been mailed," the attorneys said on CobellSettlement.Com. Once checks are sent out, it will likely take 5 to 7 days for the money to reach beneficiaries, according to the site. Get the Story:
Cobell trust settlement highlighted, clarified by recent events (The Cut Bank Pioneer Press 9/3)
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