Payments will be mailed out in the fall sometime after september.
We want to give all class members an update on the status of both the Historical Accounting and Trust Administration Class distributions. Historical Accounting Class The Historical Accounting Class distributions have been very successful, with over 81% of payments successfully distributed, a far larger percentage of distributions than in most class action settlements. Two principal challenges remain with respect to distribution of Historical Accounting checks.
1.Estates. There are approximately 39,000 deceased class members. Under the court’s current order, distributions of those checks are to be made to the personal representative, administrator, or executor of the estate of that individual or to the heirs of that beneficiary pursuant to a state or tribal probate order. Therefore, if you are an heir of a deceased class member we encourage you to provide to the Garden City Group the identity of the personal representative, executor or administrator or a copy of the final state or tribal probate order. Garden City Group can be reached toll free at 1-800-961-6109 or via email at Info@IndianTrust.com. Under the current court order, a federal probate order is not sufficient. If a state or tribal estate has not been opened, we encourage you to open a state or tribal estate and arrange for the appointment of an executor, administrator or personal representative of the estate in order to expedite payment of these checks. Otherwise, distributions of these funds will be delayed further.
2.Whereabouts Unknown. Some checks have not been distributed due to insufficient addresses for class members. If you have not received a check and are entitled to one, please contact Garden City Group and provide a current address. OST maintains a list of those beneficiaries who are considered “whereabouts unknown.” A copy of that list can be found at http://www.doi.gov/ost/wau/index.cfm. Please review that list and, once again, contact GCG if you identify individuals on that list and know their contact information.
Trust Administration Class The Court-imposed deadline of March 1, 2013 for filing claims for members of the Trust Administration Class has now expired. Approximately 450,000 claims have been filed, although some individuals filed multiple claims. So what happens next? The Court has imposed certain deadlines for consideration of these claims:
•April 15, 2013 – Garden City Group must make an initial determination of eligibility
•May 15, 2013 – Any requests for reconsideration by a potential class member must be postmarked
•June 14, 2013 – Garden City Group makes a second determination of eligibility.
•July 15, 2013 – Any appeals by a potential class member from the second determination of eligibility must be postmarked The Special Master, the Honorable Richard Levie (Ret.), who was appointed by the Court on December 19, 2012, will then consider these appeals.
Therefore, it is important that all documentation that you have to support your claim as a member of the Trust Administration Class be provided to GCG as soon as possible.