Native Americans to receive $3.4 billion settlement by year's end

Native Americans to receive $3.4 billion settlement by year's end

Credit: U.S. National Library of Medicine

The late Elouise Cobell was the Executive Director of the Native American Community Development Corporation.

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by Associated Press

kvue.com

Posted on November 27, 2012 at 11:37 AM

HELENA, Mont. -- Attorneys representing hundreds of thousands of American Indians say they should start seeing the first payments of a $3.4 billion settlement with the U.S. government by year's end.

The settlement between Native Americans across the nation and the government over more than a century's worth of squandered and mismanaged land trust royalties became final on Friday.

The lawsuit was started by Elouise Cobell of Browning, Mont., in 1996 after the Blackfeet woman saw no accounting of the money held in trust by the government.

Cobell died last year of cancer.

Plaintiffs' attorneys said Monday approximately 350,000 beneficiaries should start receiving $1,000 checks as the first part of the settlement goes forward.

Interior Secretary Ken Salazar says the settlement marks a step forward in reconciliation.

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