November 26, 2012

Salazar Announces Final Steps of Cobell Litigation and Settlement

Secretary of the Interior Ken Salazar released a statement on the Cobell class action lawsuit settlement that was finalized on November 24, 2012.  He outlined steps that the U.S. government will take to help implement the $3.4 billion settlement.  The settlement includes a $1.5 billion fund to be distributed to class members for accounting and potential trust fund and asset mismanagement claims. The settlement also includes a $1.9 billion fund for a land consolidation program for individual land interests that have “fractionated,” or split among owners, over successive generations.  Learn more at the Department of the Interior website.