New York Times calls for Congress to accept Cobell settlement

A New York Times editorial calls for Congress to approve the settlement has been reached in the 13 year old Cobell case. The federal government has agreed to pay $3.4 billion in total to settle the class action claim of 300,000 Indian plaintiffs that the United States has shortchanged accounts it held in trust for Indians since the 19th century.

Under the settlement, the U.S. would pay $1.4 billion directly to individual holders of the trust accounts and would also set up a $2 billion fund to buy from individuals the fractional shares in the trusts in an effort to consolidate tiny fragments of tribal lands into more profitable holdings.

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