U.S. offers to pay Native Americans $1.4 billion for lost funds

By doris | Published: December 9, 2009

Full Story at CNN.com

Washington (CNN) — Thousands of American Indians would receive as much as $1,000 each if they accept a proposed $1.4 billion to settle a class-action lawsuit over government mismanagement of tribal lands.

The suit, filed in 1996, accused the U.S. Department of the Interior of failing to account for and provide revenue from a trust fund representing the value of Indian assets managed by the government.

As part of the settlement, the federal government would agree to establish a $2 billion program to buy small fractions of land to help sellers obtain value from ancestral property, which then would be held by tribal governments.

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