Salazar, Perrelli applaud final approval of Cobell settlement
Written by White House Media Affairs OfficeMonday, 20 June 2011 17:36
WASHINGTON – Today, the Departments of Justice and Interior applauded the final approval by U.S. Senior District Judge Thomas F. Hogan of Cobell v. Salazar, a long-running and contentious individual American Indian trust class-action lawsuit. Unless the decision is appealed, the court’s approval of the $3.4 billion settlement paves the way for payments to be made to as many as a half-million individual American Indians who had Individual Indian Money accounts or an interest in trust or restricted land managed by the Department of the Interior. The suit has been pending for 15 years.
Reaching a final settlement of Cobell has been a priority of the Obama administration.
“The judge’s finding that the settlement is fair and reasonable is a major milestone in the Administration’s effort to reach a resolution of litigation that has cast a cloud over the government’s relationship with American Indians,” said Associate Attorney General Tom Perrelli, who has twice