Tribes, government agree to $1 billion settlement

The Associated Press

YAKIMA, Wash. — The federal government will pay more than $1 billion to settle a series of lawsuits brought by American Indian tribes over mismanagement of tribal money and trust lands, under a settlement announced Wednesday.

The agreement resolves claims brought by 41 tribes from across the country to reclaim money lost in mismanaged accounts and from royalties for oil, gas, grazing and timber rights on tribal lands.

The settlement was announced jointly by the Justice Department and the Interior Department, which manages more than 100,000 leases on tribal trust lands and about 2,500 tribal trust accounts for more than 250 federally recognized tribes.

Negotiations continue on dozens of other cases.

Published on Thursday, April 12, 2012 as: American Indian tribes agree to $1 billion settlement.