Chief Judge Ramona V. Manglona has been told Imperial Pacific has failed to comply with its scheduled settlement.
Northern Mariana Islands.- Imperial Pacific International (IPI) has failed to make a payment in a settlement with Xerox Corp. In 2020, Xerox sued IPI for breach of a service contract signed in 2016 and won a court ruling for $192,825.84 in overdue invoices and preliminary interest.
In August 2021, the court amended its order and ordered IPI to pay Xerox $192,825.84 plus prejudgment interest of $11,603.94, simple interest of 1 per cent per month, $5,738.50 in attorney fees and $604.83 in costs for a total amount of $210,773.11, with judgement interest calculated at 0.07 per cent per annum.
However, at a status conference Chief Judge Ramona V. Manglona has been told by attorney Richard Miller that IPI has yet to make any payments despite an order to pay a partial amount of $60,000 by June 28. IPI now owes Xerox $212,865.39.
CCC and IPI move closer to settlement agreement
As previously reported by Focus Gaming News, the Commonwealth Casino Commission (CC) and IPI are reportedly close to finalising a settlement. A draft of the agreement is currently being circulated between the parties.
Chief Judge Ramona V. Manglona has scheduled a status meeting for Tuesday, July 12 at 8.30am and ordered each party’s attorneys to report on the status of the settlement by July 11 at the latest.