From The Washington Post:
In the largest settlement with a single American Indian tribe, the Obama administration will pay the Navajo Nation $554 million to settle claims that the U.S. government has mismanaged funds and natural resources on the Navajo reservation for decades.
The settlement, to be signed in Window Rock, Ariz., on Friday, resolves a long-standing dispute between the Navajo Nation and the U.S. government, with some of the claims dating back more than 50 years.
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“This landmark resolution ends protracted and burdensome litigation,” Attorney General Eric H. Holder Jr. said in a statement provided to The Washington Post on Wednesday. “This demonstrates the Justice Department’s firm commitment to strengthening our partnerships with tribal nations.”
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“The Navajo Nation has worked tirelessly for many years to bring this issue to a close,” said Ben Shelly, president of the Navajo Nation. “After a long, hard-won process, I am pleased that we have finally come to a resolution on this matter to receive fair and just compensation for the Navajo Nation.” ...
According to the article, under the rules of the agreement, the Navajo Nation will drop it's current lawsuit and will not bring future claims regarding past management of the Trust. However, the agreement will not affect lawsuits involving uranium mining, nor future conduct by the U.S. Government.
Seems like a big win for the Navajo to me, but I will defer to those who know more about it. Please comment, and I will add to the post. Thanks.