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Congress gets more time to act on Cobell settlement
Wednesday, January 6, 2010
Filed Under: Cobell
February 28 is the new deadline for Congress to take action on the $3.4 billion Cobell settlement.
The Cobell plaintiffs and the Department of Justice agreed to an extension after Congress failed to take action by December 31.
The settlement provides $1.4 billion for the plaintiffs and other trust beneficiaries. It establishes a $2 billion program to buy fractionated interests from willing landowners.
Get the Story:
Cobell Settlement Deadline Extended (The Blog of Legal Times 12/29)
http://legaltimes.typepad.com/blt/2009/ … ended.html
Blackfeet woman's battle for trust settlement long, pitched (The Great Falls Tribune 1/3)
http://www.greatfallstribune.com/articl … 1/1030301/
http://64.38.12.138/News/2010/017884.asp
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Perrelli, Cobell Lawyer Hopeful Congress Will Meet Deadline
By Ryan J. Reilly | January 29, 2010
A top Justice Department official and a lawyer representing hundreds of thousands of Native Americans in a long-running class action lawsuit say they are hopeful that Congress will be able to pass the required legislation to move the settlement forward before next month’s deadline.
The parties announced on Dec. 8 that they had reached a settlement in Cobell v. Salazar, in which the Interior Department was accused of mishandling funds in Indian trust funds which belong to individual Native Americans.
One of the largest class actions ever filed against the U.S. government, it was originally filed in 1996, by Elouise Cobell on behalf of more than 300,000 Native Americans holding individual Indian money accounts. In the waning days of 2009, both parties agreed to extend the year-end deadline for final resolution of the settlement to Feb. 28, 2010.
“We’re certainly hopeful that we will get passage of that,” Associate Attorney General Thomas Perrelli told Main Justice on Thursday. “I don’t have any specifics. But we remain hopeful that it’s going to get passed.”
Keith Harper, a Kilpatrick Stockton lawyer representing Cobell, told Main Justice that he is “still cautiously optimistic despite the gridlock on Capitol Hill.” Harper said his firm continues to work on figuring out ways to notify the plaintiffs so that they will be “ready to go” when the legislation is passed.
“The holdup doesn’t have anything to do with our particular legislation,” said Harper. “A lot is happening on the Hill, but I don’t have a sense of any serious opposition. Both sides have been supportive of this resolution.”
Asked about the possibility of extending the Feb. 28 deadline, Harper said they would “cross that bridge when we get to it.”
‘There are a lot of moving parts, but both sides agree that this is the right thing to do,” said Harper. “Whether we can continue to extend the deadline is another question, but right now all energies are focused and we’re feeling very good.”
http://www.mainjustice.com/2010/01/29/p … -deadline/
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Elouise Cobell answers questions about settlement
Wednesday, February 17, 2010
Filed Under: Cobell
Elouise Cobell, the lead plaintiff in the Indian trust fund lawsuit, will be answering questions about the proposed settlement to the case. Cobell is a member of the Blackfeet Nation in Montana.
As many of you know, on December 7, 2009, we signed a settlement agreement with the government which marked the first step toward resolving the long running Cobell class action lawsuit. Since that time, I've been asked hundreds of questions about the case and the settlement agreement. I can't answer every question in one letter, but I am committed to writing an open Ask Elouise letter every week answering many of your important questions. If you have a question, send an e-mail to: askelouise@cobellsettlement.com, or send a letter to:
Ask Elouise
Cobell Settlement
PO Box 9577
Dublin, OH 43017-4877
Q: When will I receive my funds?
It depends on when Congress passes legislation implementing the settlement and it is finally approved by the courts. The settlement agreement provides that the first payments should begin shortly after final approval and will continue for at least six months pursuant to Court order. I know many of you are concerned that it may take years to receive your share. That isn't true. We have designed a formula to ensure that won't occur.
Q: When will the settlement be finally approved?
After legislation is passed, the district court will schedule a hearing to consider the settlement and decide whether to grant Preliminary Approval of the settlement. At that point, there will be a 2 - 3 month period where notice will be provided to class members after which a Fairness Hearing will be held so that the Court can hear any objections to the settlement. If the judge deems the settlement fair, then he will issue an order of Final Approval. The court of appeals may then consider any appeal from class members. If there is no appeal, payments should begin sixty days following Final Approval. If the court of appeals accepts an appeal, payments could be substantially delayed.
Q: When will Congress pass legislation approving the settlement
I don't know when Congress will pass legislation. The parties agreed to extend the settlement agreement to February 28, 2010. I'm hopeful that legislation will be passed by then, but it might not happen. If it does not happen, I'll consult with our attorneys about our options.
Q: How much will the attorneys be paid?
The Court will determine attorneys' fees, but the attorneys have signed a separate agreement with the government agreeing to not ask for more than $99.9 million. This is less than 3% of the settlement funds - a very low percentage for attorneys in class action lawsuits. Consider that attorneys representing tribes under Indian Claims Commission Act generally received 10% as mandated by statute and attorneys involved in suits related to Enron received 9.5% (almost $700 million). Many medical malpractice attorneys receive over 30%; and, the tobacco attorneys received billions of dollars and very few did more than file a complaint in order to immediately negotiate a settlement. Most cases don't even involve discovery, let alone go to trial, but our attorneys have prosecuted seven major trials in this case, litigated countless appeals, filed thousands of papers and reviewed tens of millions of pages of discovery without receiving due compensation for their services. I fully support the fee application. It is in fact unusually low for attorneys involved in complex, heavily litigated class action lawsuits. Frankly, I am concerned that if the legal fees for our attorneys are unreasonably low that will discourage competent lawyers from future representation of Native Americans in class action litigation against the government. It is also important to recognize that members of the class will have an opportunity to inform the Judge if they oppose the fee award.
Q: How much will the named plaintiffs receive?
The Court will also determine amounts to be paid to the named plaintiffs for their time and costs, also called "incentive payments." This case was funded in large measure by the Blackfeet Reservation Development Fund (BRDF), a grass roots community development organization which assists Indian communities understand their trust assets. I have also given a significant amount of money to the case out of my personal funds. Funds were used to pay for experts, class communications and costs related to the prosecution of this case. During settlement negotiations, we estimated that these costs were in the range of $15 million. To date, very few of BRDF's costs have been reimbursed and I have never been reimbursed for funds that I've contributed to the prosecution of this case. No tribe has ever given money for this case.
In future Ask Elouise letters, I'll answer questions about how much you can expect to receive if the settlement is finally approved as well as questions related to the damages class included in the settlement agreement. Thank you for your commitment and patience during this long and difficult process.
http://64.38.12.138/News/2010/018426.asp
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Elouise Cobell answers questions about settlement
Monday, February 22, 2010
Filed Under: Cobell
Elouise Cobell, the lead plaintiff in the Indian trust fund lawsuit, will be answering questions about the proposed settlement to the case. Cobell is a member of the Blackfeet Nation in Montana.
This is the second in a series of open letters I’m sending to Indian Country to answer your very important questions about the settlement of the Cobell class action lawsuit. Prior Ask Elouise letters can be found on the settlement website: http://cobellsettlement.com/class/ask_elouise.php.
We also have a “frequently asked questions” section to answer many of the most common questions we’ve received. http://cobellsettlement.com/press/faq.php. I can’t answer every question, but I will try to answer as many as I can every week.
Why must the settlement approval process occur so quickly?
Time is of the essence. If settlement is not approved in the short term, there is a very real possibility the settlement will fail and the parties will return to active litigation. First, Congress must ratify the settlement agreement before the Court can act to preliminarily approve it. In this election year, further delay will create a more challenging political environment for enactment of the necessary implementing legislation. Congress is a body made up of diverse and varied views and not all have an interest in a successful resolution of this case. Further delay will increase the likelihood that our allies on Capitol Hill focus their attention on other matters. Secondly, the Supreme Court has granted an extension of the time for the parties to submit briefing in connection with its review of the Court of Appeals decision that limits the accounting duty to “low hanging fruit.” It is unlikely that further extensions will be granted by the Supreme Court and further cou rt activity is likely to kill the settlement.
Shouldn’t you and the attorneys be traveling more to Indian Country to explain the settlement?
We have spent some time traveling around Indian Country to discuss the settlement, answer your questions and listen to your concerns, but not enough. The problem with traveling around Indian Country to explain the settlement is that it has not received preliminary approval by the Court. What this means is that there is a chance that the Court or Congress could decide to alter or modify the settlement and any information we might share with Indian Country could change, requiring that we make the same trips twice – we can’t afford to be wasteful with our limited resources. In addition, any changes to the settlement agreement by the Court or Congress may result in the settlement being abandoned by either party. Once the settlement has received preliminary approval from the Court, we will undertake an extensive notice process, including tra vel to Indian Country, to notify class members of the settlement and educate you about your rights and obligations under the agreement.
How will I know if I’m included in the settlement?
You will be included in the settlement if you had an IIM account open at anytime between approximately 1985 and September 30, 2009, or you had an individual interest in land held in trust or restricted status by the U.S. government as of September 30, 2009. Certain heirs to deceased class members may be included, as well. I recognize that many individuals have particular circumstances that might make it unclear whether they are included. A process for individuals to self-identify and apply for inclusion in the class will be developed if the settlement is approved. At this stage, the most important thing you can do is to register to ensure that we have a valid address to send you important information. If you are not receiving a quarterly IIM statement, then there is a chance that the government does not have a current address for you and you should register.
How do I register to receive settlement communications?
You can register over the phone or Internet.
Internet: https://cert.tgcginc.com/iim/register.php
Telephone: 1-800-961-6109
How did we get from plaintiffs’ calculation of almost $40 billion a few years ago to $1.4 billion today?
The $1.4 billion settlement fund for the accounting claims was the product of negotiations between the parties and is, in my estimation, a fair resolution for plaintiffs’ accounting, restitution and damages claims after considering the risk associated with further litigation, the refusal of the Court of Appeals to order the government to provide a full accounting of all funds, and the absence of any time limit for final judgment in this case. It has long been plaintiffs’ position that more than that is due. But what matters is what is recoverable in Court. The litigation could continue another decade or more with no assurance that we will prevail on the merits. Other factors could not be quantified, including the deaths of tens of thousands of beneficiaries since the filing of this case. Those class members will never see th e resolution of this case and the prospect of another ten years of litigation means that thousands more will be denied their rights too. It is important to also consider that the district court limited the award following the 2008 trial to only $455.6 million for plaintiffs’ accounting claims – significantly less than the almost $40 billion plaintiffs had requested.
As I indicated in my last Ask Elouise letter, in future letters I’ll answer questions about how much you can expect to receive if the settlement is finally approved as well as questions related to the damages class included in the settlement agreement.
If you have a question, send an e-mail to: askelouise@cobellsettlement.com.
Otherwise you can send me a letter to the address below. To expedite the processing of your letters our contractor has set up a post office box in Ohio, but I assure you this letter is coming from me and I will see your letters.
Ask Elouise
Cobell Settlement
PO Box 9577
Dublin, OH 43017-4877
Thank you for your commitment and patience during this long and difficult process.
http://64.38.12.138/News/2010/018504.asp
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