Washington (CNN) — Thousands of American Indians would receive as much as $1,000 each if they accept a proposed $1.4 billion to settle a class-action lawsuit over government mismanagement of tribal lands.
The suit, filed in 1996, accused the U.S. Department of the Interior of failing to account for and provide revenue from a trust fund representing the value of Indian assets managed by the government. To read the full story click here.
U.S. offers to pay Native Americans $1.4 billion for lost funds
- Lawsuit from 1996 accused U.S. of mismanaging Individual Indian Money funds
- The funds represent the value of Indian assets managed by the government
- Settlement would give American Indians as much as $1,000 each
- Litigant: Deal is “significantly less than the full amount to which the Indians are owed”
Washington (CNN) — Thousands of American Indians would receive as much as $1,000 each if they accept a proposed $1.4 billion to settle a class-action lawsuit over government mismanagement of tribal lands.
The suit, filed in 1996, accused the U.S. Department of the Interior of failing to account for and provide revenue from a trust fund representing the value of Indian assets managed by the government.