Chief Judge Ramona V. Manglona has been told Imperial Pacific has failed to comply with its scheduled settlement.<\/p>\n\n\n\n\n\n\n\n
Northern Mariana Islands.-\u00a0Imperial Pacific International\u00a0(IPI)\u00a0<\/strong>has failed to make a payment in a settlement with Xerox Corp<\/strong>. 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.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n However, at a status conference Chief Judge Ramona V. Manglona has been told\u00a0by attorney Richard Miller<\/strong>\u00a0that 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<\/strong>.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Chief Judge Ramona V. Manglona <\/strong>has scheduled a status meeting for Tuesday, July 12 at 8.30am and ordered each party\u2019s attorneys to report on the status of the settlement by July 11 at the latest.<\/p>\n","protected":false},"excerpt":{"rendered":" Chief Judge Ramona V. Manglona has been told Imperial Pacific has failed to comply with its scheduled settlement.<\/p>\n","protected":false},"author":176,"featured_media":19434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) has failed to comply with a court-ordered settlement payment to Xerox Corp, owing over $212,000. This non-compliance occurs amidst ongoing settlement discussions between IPI and the Commonwealth Casino Commission (CCC), with a new status meeting scheduled by Chief Judge Ramona V. Manglona.","focusai_entities":"Imperial Pacific International, IPI, Xerox Corp, Chief Judge Ramona V. Manglona, Richard Miller, Commonwealth Casino Commission, CCC","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Licensing Impact?","query":"What are the specific implications for Imperial Pacific International's B2B and B2C licensing status in the Northern Mariana Islands, considering its demonstrated inability to honor court-ordered financial obligations?"},{"label":"CCC Settlement Outlook?","query":"How might the Commonwealth Casino Commission's final settlement terms and enforcement actions against Imperial Pacific International be influenced by the operator's repeated failure to comply with court-ordered payments to other creditors?"}],"footnotes":""},"categories":[16336,157],"tags":[24134,22674],"class_list":["post-31524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31524"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31524\/revisions"}],"predecessor-version":[{"id":31528,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31524\/revisions\/31528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19434"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}CCC and IPI move closer to settlement agreement<\/h2>\n\n\n\n