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Interior says Cobell suit not worth billions
Monday, October 15, 2007
Filed Under: Cobell

Bush administration officials at the Interior Department don't think the Cobell trust fund lawsuit is worth billions of dollars.

Associate deputy secretary Jim Cason and Special Trustee Ross Swimmer said very few errors have been uncovered in the the Indian trust accounts so far. Any settlement would run in the millions, according to the officials.

Despite those sentiments, the Bush administration has offered $3.5 billion to end the case. Officials said the payment would cover the historical accounting of the trust, plus any damages from breach of trust claims.

Elouise Cobell, the lead plaintiff in the case, says an accounting is impossible. "There's too many missing records," she told The Oklahoman. "Documents are missing, systems are broken."

Cobell, a member of the Blackfeet Nation of Montana, has been in Washington, D.C., for a trial in the accounting. Cason testified in defense of the Bush administration's plan to reconcile transactions in the trust.

Get the Story:
Official says huge payoff isn't justified (The Oklahoman 10/14)
Username: indianz@indianz.com, Password: indianz
American Indian trust suit could total billions (The Atlanta Journal-Constitution 10/14)

Trial Transcripts:
Day 1 AM | Day 1 PM | Day 2 AM | Day 2 PM

Court Decisions:
Cobell v. Norton [District Court] | Cobell v. Norton [Appeals Court] | Babbitt v. Youpee [Supreme Court]

Relevant Links:
Indian Trust: Cobell v. Kempthorne - http://www.indiantrust.com
Cobell v. Norton, Department of Justice - http://www.usdoj.gov/civil/cases/cobell/index.htm

Related Stories:
Cason wraps up testimony in trust case (10/12)
Cobell accounting trial opens in DC (10/11)
Cobell historical accounting trial starts in DC (10/10)
CFO Magazine: The Indian trust fund accounting (10/5)
Cobell historical accounting trial starts October 10 (10/1)
BIA agency lacks accounting for millions in trust (09/25)
Audit finds Indian trust management problems (9/24)
Cobell: Upcoming trial tackles important issues (09/19)
Interior attorney to testify at upcoming Cobell trial (9/18)
DOI won't release trust data in Cobell case (9/11)
Interior attorney accused of disclosing trust data (08/29)
Judge opens electronic data to Cobell plaintiffs (07/10)
Another Cobell historical accounting hearing (7/9)
Judge expresses views on Indian trust fund accounting (06/19)
Hearing on Cobell historical accounting trial (6/18)
Cobell prepares for court battle on accounting (5/30)
Cobell prepares for historical accounting trial (5/18)
Judge prods DOI on Indian trust fund accounting (5/15)
First status conference for Cobell accounting trial (5/14)
Cobell status conference pushed back to May 14 (05/02)
Attorney calls $7B Cobell offer pennies on dollar (4/24)
Cobell heads to landmark accounting trial (4/23)
Judge orders Cobell accounting trial for October 10 (4/20)
Jodi Rave: Cobell calls for accountability (4/12)
BIA office in Palm Springs criticized by landowners (4/11)
BIA office in Palm Springs under investigation (4/10)
Editorial: No justice in $7B offer to settle Cobell (4/6)
Lawmaker questions $7B plan to settle trust cases (4/4)
Gonzales' trust testimony downplayed (3/30)
Listening Lounge: House hearing on BIA-OST (3/30)
Mediator suggests $7-9B settlement for Cobell (3/30)
Jodi Rave: Cobell calls trust offer 'insulting' (3/30)
Senate hearing on Indian trust fund litigation (3/29)
Gonzales won't testify on trust fund (3/28)
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Editorial: The billion-dollar question (3/26)
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Blast from the Past: NBC segment on Cobell (3/21)
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Bush aide linked to Special Trustee firing resigns (3/14)
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Mother Jones: Pennies on the dollar for Cobell (3/12)
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Dorgan and Thomas disagree on Cobell settlement (1/22)
Jodi Rave: Cobell sees hope for case in new year (1/20)
NewStandard: Tribes turn to court over trust funds (01/08)
Jodi Rave: Interior mum on class action tribal suit (01/05)
Tribes file class action trust accounting lawsuit (01/04)

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