Bearspaw First Nation losing millions due to feds' slow transfer of trust money, lawsuit claims

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Bearspaw First Nation losing millions due to feds' slow transfer of trust money, lawsuit claims
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Bearspaw First Nation west of Calgary is suing Ottawa over what it says was an unjustly delayed transfer of trust funds costing millions.

In a statement of claim filed in Calgary Court of King’s Bench on behalf of members of the First Nation west of the city, the band says government officials were negligent in transferring the trust funds.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“Rather than comply with its statutory and common law obligations, the Government of Canada unreasonably and unjustifiably delayed and stalled transferring money to the Bearspaw First Nation. “As a result, the members of the Bearspaw First Nation have suffered a loss of over $5 million that would have been earned had the trust moneys been transferred when the Government of Canada represented that they would be.”

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