The plaintiffs in the Indian trust fund
lawsuit and the Obama administration agreed to a July 9 deadline to await Congressional authorization of the $3.4 billion settlement.
The parties have extended the deadline five times. They hope they can get the Senate to act soon.
“It’s not an arbitrary date, there’s a lot of activity going on right now,” attorney Dennis Gingold told Main Justice. “Obviously we’re hoping it’s going to be passed before [the deadline].”
The House passed the settlement on May 28 as part of the American Jobs and Closing Tax Loopholes Act. Leaders there rejected a proposed amendment to the settlement.
Sen. John Barrasso
(R-Wyoming), the vice chairman of the Senate Indian Affairs
Committee, is pushing the same amendment. It would limit attorneys' fees to $50 million and make other changes to the settlement.
The plaintiffs and the Obama administration oppose the amendment. They say it would kill the settlement because it makes a "material" change to the settlement.
The president of the National Congress of American Indians wrote a letter to members of Congress about the amendment. But NCAI has not taken a position for or against it, the group's executive director said yesterday.
Get the Story:
Cobell Deadline Extended Again
(Main Justice 6/15)
Deadline in Cobell Case Extended to July 9 (The Blog of Legal Times 6/15)
Senator Turns Up the Heat Over Attorney Fees in Cobell Settlement (The National Law Journal 6/14)
American Jobs and Closing Tax Loopholes Act:
Press
Release: Baucus, Levin To Release Joint Legislation To Create Jobs, Extend Tax
Cuts for Families and Businesses, Support Americans Looking for Work | Background
and More Information
Cobell Settlement Documents:
Agreement
| Press
Release | Q&A
| Audio
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