By Justin Lofton
WASHINGTON, D.C. — An estimated 500,000 Indians across the nation should soon be notified of the $3.4 billion class action settlement they may qualify to receive money from after court case Cobell v. Salazar.
“The settlement resolves claims related to Individual Indian Money (or IIM) accounts and land held in trust by the federal government for the benefit of individual Indians,” said a press release from www.indiantrust.com. “The settlement resolves the government’s failure to provide an historical accounting for IIM accounts and also resolves claims that the government mismanaged funds and other trust assets, including royalties owed to individual Indians for oil, gas, grazing, and other leases of individual Indian lands, mostly in the West.”
A $1.5 billion fund to compensate individual Indians is set up by the settlement. Indians eligible to receive funds from the settlement include the Historical Accounting Class and Trust Administration Class.
“The Historical Accounting Class comprises individual Indians who were alive on Sept. 30, 2009, who had an open IIM account anytime between Oct. 25, 1994 and Sept. 30, 2009, and whose account had at least one cash transaction,” the release said. “The Trust Administration Class comprises individual Indians alive on Sept. 30, 2009, who had an IIM Account at any time from 1985 through Sept. 30, 2009, recorded in currently available electronic data in federal government systems, as well as individual Indians who, as of Sept. 30, 2009, had a recorded or demonstrable interest in land held in trust or restricted status.”
The release also said estates of deceased class members may also be entitled to funds from the settlement.
“Current estimates project that most Class Members will receive about $1,800, with some Class Members receiving much more depending on the level of activity in their IIM accounts,” the release said. “Class Members who receive a formal notice in the mail about the settlement and who are currently receiving IIM account statements do not have to do anything to receive payment.”
Individuals who do not receive these notices or are unsure as to whether this settlement affects them are instructed fill out a Claim Form at www.indiantrust.com. For more information, visit the website or call 1-800-961-6109.
By Justin Lofton
- Local News
Local man arrested in alleged fraud at local church
A 24-year-old Ada man has been arrested on suspicion of trying to pass a fraudulent $400 check from the account of a local Sunday school class.
Ada woman jailed; bonds total more than $50,000
A 28-year-old Ada woman is behind bars, saddled with more than $50,000 in bonds to deal with before she can be released.
Input sought on Main Street lighting project
Area residents are invited to participate in a special meeting to discuss lighting and other improvements to Ada’s Main Street to be held Wednesday at Pontotoc Technology Center. According to Bridget Forshay, Citizens Advisory Board Main Street Lighting Committee chairperson, the open forum is a result of Ada’s “Penny for Our City” sales tax.
Randy's Natural World
I hope I didn’t scare any readers with this week’s featured creature — the rough green snake.
Cruising Main Street scheduled June 28
People who remember cruising downtown Ada as teenagers can relive those days later this month.
Schools have until 2015 to implement new teacher evaluation system
Oklahoma school officials preparing to implement a new system for grading teachers got a two-year reprieve this month.
Smeltz arrested again; more alleged threats
A former Ada firefighter was arrested for the second time Wednesday after allegedly posting more threatening and possibly libelous statements on Facebook concerning Ada Police Officer Brad Rhoads and other members of the department.
Canning workshop offered
Join us for hands on canning workshop will be held on Wednesday, June 26 from 10 a.m. – 3 p.m. at the Pontotoc County OSU Extension Center.
Man arrested Sunday for alleged loaded gun, pot
No, the driver of the car headed south in the 1600 block of north Broadway at 9:09 p.m. Sunday without his headlights on had not been drinking beer — even though one was missing from the six-pack he told a police officer was in the backseat.
OSU camp gives students taste of medical school
A group of high school girls listened closely Thursday as Austin Brookover gave them a brief overview of the heart and its workings.
- More Local News Headlines
- Local man arrested in alleged fraud at local church