A long-sought settlement agreement regarding alleged mismanagement of the Quinault Indian Nation’s trust lands and resources by the federal government has been reached and filed in Federal District Court.

The Quinault Indian Nation Business Committee made the announcement in a Monday press release that will net the Nation $27 million after attorney fees and costs have been deducted.

The joint stipulation of settlement was part of Sisseton Wahpeton Oyate of The Lake Traverse Reservation verses S.M.R. Jewell and the Secretary of the Interior originally filed April 30, 2013.

The Native American Rights Fund handled the case on behalf of the tribes.

“This is great news and a historic moment for the Quinault Indian Nation,” said Quinault Indian Nation President Fawn Sharp. “We thank the Obama Administration for honoring its commitment to settle historic trust cases and right decades of injustice to the Quinault Indian Nation.”

The parties anticipate the court affirming the settlement in the upcoming days, whereupon the federal government shall initiate its processes to render payment to the Tribes. The precise timeline for payment is yet to be determined

The Business Committee has already begun carrying out a plan to designate necessary and strategic investment of the funds, and will distribute additional information as it becomes available.