Wednesday, January 3, 2007

Tribes File Trust Funds Mismanagement Lawsuit Against Federal Government

On December 28, 2006, the Native American Rights Fund filed a class action lawsuit on behalf of tribes for mismanagement of tribal trust funds. This suit seeks a full and complete accounting of hundreds of tribal accounts that were required to be managed by the U.S. government. The tribal accounts are worth billions of dollars and are related to income from natural resources. The suit, filed before the 12/31/06 deadline set by Congress, names eleven tribes but may affect more than 250 tribes nationwide.

Read the entire press release.

Complaint filed by NARF at the U.S. District Court

Tribal Trust Funds Accountings Lawsuit Website

Related News Story:

• • Tribes file class action trust accounting lawsuit (Indianz.com) 1/4/07