Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Oklahoma tribes settle trust mismanagement lawsuit for $186M

 


Two Oklahoma tribes finalized a $186 million settlement to their trust mismanagement case on Friday, the latest in a string of deals that have brought over $5 billion to Indian Country under the Obama administration.

The Choctaw Nation will receive $139.5 million and the Chickasaw Nation will receive $46.5 million to resolve a lawsuit they filed in 2005. The tribes accused the Department of the Interior and the Department of the Treasury of mismanaging their trust assets and trust funds dating back to the early 1800s.

http://www.indianz.com/News/2015/019053.asp


 

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