The settlement covers two transfers of land, now parts of Burlington and Toronto. In the Brant Tract purchase of 1797 the MNC sold the Crown 3,450 acres of land located near Burlington Bay on Lake Ontario. According to MNC the Crown paid less for the land in 1797 than had been promised at an earlier date. In the 1805 Toronto Purchase the MCN surrendered most of what is now metropolitan Toronto for a mere 10 shillings (roughly $60).

"Finally, 200 years later, an injustice is about to be corrected," Toronto Mayor David Miller said June 8, 2010 adding, "Canada took more land and paid less than was promised."

"We would like to thank you for your ongoing commitment, dedication, and caring for the tradition land of our people." responded Chief Bryan Laforme adding the settlement will enhance relationships between MCN and Toronto.

The settlement offer was overwhelmingly approved, 856 to 41, by the eighteen hundred MCN community members. Band members will get $20,000 each and $1,500 annually to cover living expenses. For those under 18, money will be held in trust. Money will be set aside for life insurance and post-secondary education; the rest will be placed in trust. The annual interest will be used for economic development projects or community facilities.

The land claim was launched by former chief Maurice LaForme in 1986. It fell to son Bryan LaForme, current Chief, to see the process to its conclusion. Bryan's brother Harry LaForme, a judge on Ontario's Court of Appeal, was legal counsel for the band and played an instrumental role.