Archive for December 20th, 2012

Here’s a noticed the “Cobell/Indian Trust Settlement Fund” sent out Thursday via Bill McAllister:

The $3.4 billion Cobell v. Salazar settlement is approved and payments to Class Members have begun.The Settlement resolves a class action lawsuit that claims that the federal government violated its duties by mismanaging trust accounts and individual Indian trust lands.

Payments of $1,000 to the Historical Accounting Class are underway.The Historical Accounting Class includes individual Indians who were alive on September 30, 2009, and who had an open IIM account anytime between October 25, 1994, and September 30, 2009, with at least one cash transaction in it.The process of considering claims for the Trust Administration Class is ongoing.

The final deadline for Class Members to file a claim form for the Trust Administration Class is March 1, 2013.

The Trust Administration Class includes individual Indians alive on September 30, 2009, who either had an IIM account recorded in currently available electronic data in federal government systems anytime from January 1, 1985 to September 30, 2009, orcan demonstrate ownership in land held in trust or restricted status as of September 30, 2009.

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