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Cobell Settlement, Payment
Round House Talk Editor’s Comment: We shall see. It was publicized that it would be distributed in August or September of 2013. Now its March 2014. Everyone pretty much knows what they will be given. Shouldn’t the amounts to each individual be adjusted to include additional interest accrued by contractor Trustee of the funds since a huge amount of interest has been earned since they received the Cobell Settlement funds? Others have ridiculed me saying BIA wasn’t involved in the next round of payments, but this article demonstrates they are and may be holding making the payment while they do additional research on who is eligible. Huh? We shall see.
FARMINGTON — The second round of payments for the Cobell v. Salazar Settlement will be mailed early next year.
An announcement was posted Monday on the website IndianTrust.com stating that the settlement agreement requires the U.S. Department of the Interior to identify all qualified individuals and their payment amounts before checks are mailed.
“That work is ongoing and is nearly complete,” according to the statement.
The settlement is from the 1996 class action lawsuit filed by the late Elouise Cobell of the Blackfeet Tribe in Montana.
Elouise Cobell, center, poses with her legal team in the law offices of Kilpatrick & Stockton in Washington on Dec. 8, 2009. Left to right are Bill Dorris, Cobell, Keith Harper, Dennis Gingold and Geoffrey Rempel. The Obama administration says it will spend more than $3 billion to settle a long-running and contentious lawsuit over royalties owed to American Indians.
Cobell was an Individual Indian Money account holder and uncovered years of neglect by the federal government when it came to keeping accurate records of Indian trust accounts. The federal government collected payments for these accounts from activities such as farming and grazing leases, timber sales, mining, and oil and gas production on trust land.