U.S. To Pay $1.4 Billion to Settle Indian Trust Lawsuit

The United States today agreed to pay $1.4 billion to settle a class action lawsuit over the Interior Department's mismanagement of Indian trust accounts.

The potential settlement, which must still be approved by Congress and the courts, would bring a close to the long-running Cobell Indian trust case, and would result in payments to roughly 300,000 individual Indian trust accounts. It would also create a $2 billion program to consolidate ownership of Indian trust lands.

Urging acceptance of the deal: Attorney General Eric Holder and Interior Secretary Ken Salazar.

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    Don't worry (none / 0) (#1)
    by Abdul Abulbul Amir on Tue Dec 08, 2009 at 07:55:33 PM EST
    They will do much better (we hope) managing your access to health care.

    oh abdul, ya big silly! (none / 0) (#3)
    by cpinva on Wed Dec 09, 2009 at 03:04:31 AM EST
    medicaid/medicare isn't managed by the DoI.

    1.4 billion is cheap. i've been following this case for years, it should be several times more, to be close to fair.

    5,000 each (none / 0) (#4)
    by diogenes on Wed Dec 09, 2009 at 07:00:27 AM EST
    Each trust fund gets five thousand dollars each--a pittance.  This case has the feel of a "settle it out of court to save court costs and embarassment especially since it's the public's money paying it anyway whereas the embarassment is Obama's and he can claim credit for the enlightened settlement."

    Wow (none / 0) (#5)
    by Steve M on Wed Dec 09, 2009 at 08:45:49 AM EST
    a $1.4 billion nuisance settlement!  Yeah, that's it.