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 U.S. Will Settle Indian Lawsuit for $3.4 Billion

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U.S. Will Settle Indian Lawsuit for $3.4 Billion Vide
PostSubject: U.S. Will Settle Indian Lawsuit for $3.4 Billion   U.S. Will Settle Indian Lawsuit for $3.4 Billion Icon_minitimeMon Dec 14, 2009 2:10 am

The federal government announced on Tuesday that it intends to pay $3.4 billion to settle claims that it has mismanaged the revenue in American Indian trust funds, potentially ending one of the largest and most complicated class-action lawsuits ever brought against the United States.

The tentative agreement, reached late Monday, would resolve a 13-year-old lawsuit over hundreds of thousands of land trust accounts that date to the 19th century. Specialists in federal tribal law described the lawsuit as one of the most important in the history of legal disputes involving the government’s treatment of American Indians.

President Obama hailed the agreement as an “important step towards a sincere reconciliation” between the federal government and American Indians, many of whom, he said, considered the protracted lawsuit a “stain” on the nation.

http://www.nytimes.com/2009/12/09/us/09tribes.html?_r=1
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U.S. Will Settle Indian Lawsuit for $3.4 Billion

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