Capping more than 13 years of litigation, the Obama administration said Tuesday the government will pay $1.4 billion to settle a class action accusing the United States of mismanaging billions of dollars held in trust for American Indians.
The settlement would resolve the plaintiffs’ claims for an accounting of the trust fund, set up more than a century ago for the collection and dispersal of royalties from oil, gas, timber and other companies that leased Indian land. The agreement requires legislative and judicial approval.
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