Class Counsel has provided the following Settlement Update in the Indian Trust Settlement:
On October 29, 2012, the Supreme Court posted its decision to deny Ms. Craven’s August 20, 2012 petition for writ of certiorari. Carol Eve Good Bear, Mary Aurelia Johns, and Charles Colombe also filed a petition for writ of certiorari in September 2012; however, on November 6, 2012, they requested to have it dismissed with prejudice in return for Class Counsel’s agreement to pay their attorney’s fees and expenses out of Class Counsels’ attorney fee award. A stipulation of dismissal was filed with the Supreme Court on November 6, 2012, and the Supreme Court officially dismissed their petition on November 7, 2012.
Once the Attorney General has certified that the case is final, and an Assistant Secretary of the Treasury has certified proper access to the Judgment Fund to make payments, Final Approval of the Settlement will be effective.
We anticipate that initial payments to the Historical Accounting Class will commence shortly.
The Historical Accounting Class is defined as:
- Anyone alive on September 30, 2009,
- Who had an open IIM account anytime between October 25, 1994 and September 30, 2009, and
- Whose account had at least one cash transaction (that was not later reversed).