19 June 2014 Last Updated on 19 June 2014 On May 29, 2014, the Court granted Class Counsels request to disburse the second Cobell Settlement checks prior to expiration of the appeals, pending resolution by the Department of the Interior of property ownership records. It is anticipated that the second checks will be disbursed sometime in August or September. We will update as we learn more about the date of the check disbursement. CLASS MEMBER ELIGIBILITY The Settlement includes two Classes. You may be a member of one or both Classes.* The Historical Accounting Class includes anyone that: Was alive on September 30, 2009; and Had an open IIM Account from October 25, 1994 to September 30, 2009; and whose IIM Account had at least one deposit, which was not later reversed, at some time from approximately 1985 to September 30, 2009. The Trust Administration Class includes anyone who: Was alive on September 30, 2009; and Had an IIM Account open anytime from 1985 to September 30, 2009 (the “Electronic Ledger Era”); or Owned trust or restricted land as of September 30, 2009. * Please note that most Class Members have been identified. DECEASED CLASS MEMBERS (dead before September 30, 2009) Eligible Estates include any deceased Class Member who: Had an IIM Account that was still open on September 30, 2009; or Owned trust or restricted land and had open probate proceedings on September 30, 2009. In order to distribute to the heir(s) of an Eligible Estate, the court-appointed Claims Administrator, the Garden City Group, Inc. (“GCG”), must have some type of legal documentation indicating where the payment should go. Below are the types of documentation authorized by the court overseeing the Settlement for distribution to heir(s): A state or tribal probate order identifying the heirs to the estate; An order showing the appointment of an executor, administrator, or personal representative of the estate; The Last Will and Testament of a deceased Class Member that has been approved by a probate order; A valid small estate affidavit from a Court-approved state; or A Bureau of Indian Affairs (BIA) or federal probate order. Please see below for where to submit copies of the estate documents marked above to GCG. Indian Trust Settlement Dublin, OH 43017-4877 Website: IndianTrust Toll-Free: 1-866-591-2958 | Email: Info@IndianTrust IMPORTANT UPDATE ON THE TRUST CLASS PAYMENTS On May 29, 2014, the Court approved Plaintiff’s Motion to Allow Commencement of Trust Administration Class Distribution Prior to Expiration of Appeals. Under the original terms of the Settlement Agreement, all appeal determinations had to be completed before the Trust Class payments could be made. This Order represents the first step in the Trust Administration payment distribution process, but there are several events that still need to occur before distribution can be made. The Court must still approve a plan to allow payment to confirmed Class Members while also reserving funds to pay those individuals who may become eligible if their appeals are granted. At this time we do not know the exact date of disbursement, but additional information will be posted on our website as it becomes available. Please visit indiantrust for further updates and information. You can also contact our office toll free at 866-591-2958, and we will be happy to provide more information or answer any questions.
Posted on: Wed, 25 Jun 2014 00:44:21 +0000
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