US approves $3.4bn Native American settlement
Source: Al Jazeera
A US federal judge has approved a $3.4bn settlement over mismanaged Native American royalties, in a case that represents the largest settlement ever approved against the US government.
Elouise Cobell of Browning, Montana, claimed in the 15-year-old suit that for more than a century, US officials systematically stole or squandered billions in royalties intended for Native Americans in exchange for oil, gas, grazing and other leases.
Thomas Hogan, the US district judge, approved the settlement on Monday after a daylong hearing, saying the legitimacy of Cobell’s claims could not be questioned.