{"id":777006453,"date":"2023-06-20T09:43:12","date_gmt":"2023-06-20T12:43:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006453"},"modified":"2026-04-22T20:50:47","modified_gmt":"2026-04-22T23:50:47","slug":"court-approves-us21k-commission-for-clear-management-in-ipi-auctions","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/court-approves-us21k-commission-for-clear-management-in-ipi-auctions","title":{"rendered":"Court approves US$21K commission for Clear Management in IPI auctions"},"content":{"rendered":"\n

Chief Judge Ramona V. Manglona has approved the request of Clear Management Limited.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- Chief Judge Ramona V. Manglona <\/strong>of the District Court for the NMI has granted a request for the payment of commissions to Clear Management Limited for selling Imperial Pacific International (IPI)’s gaming assets. <\/p>\n\n\n\n

The order authorises and directs the disbursement of US$21,056.20 from the Law Offices of Michael A. White LLC Escrow Trust Account. This decision comes after the court’s approval of the receiver’s report and account of the fourth auction<\/a>, which generated successful bids amounting to US$225,812.<\/p>\n\n\n\n

White, representing the receiver, said a total of US$184,062 has been received from the auction, while one bidder, David Albanese, has not yet paid US$41,750 of his total purchases. <\/p>\n\n\n\n

In addition to the auction proceeds, Clear Management also sold playing cards to Angel Playing Card (APC)<\/strong>. APC made a deposit of US$26,500 based on an estimated quantity of playing cards. Once the final number was determined, APC paid an additional US$607.20. Notably, Clear Management had previously received a commission on the additional payment but had not applied for or received a commission on the original deposit.<\/p>\n\n\n\n

Attorney Michael White asserted that Clear Management is entitled to a sales commission of 10 per cent<\/strong>. The judge’s order also cancels the hearing originally scheduled for June 20.<\/p>\n\n\n\n

A week ago, it was reported Joshua Gray, a former employee who won a discrimination lawsuit<\/a> against Imperial Pacific International (IPI), has filed a request with the federal court to allow his inclusion in ongoing limited receivership proceedings<\/strong> related to the case of USA Fanter Cor. vs IPI.<\/p>\n\n\n\n

On May 30, 2023, the District Court for the NMI granted Gray a default judgment against IPI, followed by a judgment the next day awarding him US$5.6m. Now represented by attorney Aaron Halegua<\/strong>, he argues that joining the limited receivership should not be barred and that IPI no longer opposes the move.<\/p>\n\n\n\n

According to Mariana\u2019s Variety, the joint stipulation submitted by the parties clarifies that IPI\u2019s withdrawal of opposition and Gray\u2019s participation should not be construed as a waiver of any other rights by IPI, nor as consent to any other execution efforts or enforcement proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chief Judge Ramona V. Manglona has approved the request of Clear Management Limited.<\/p>\n","protected":false},"author":176,"featured_media":6701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The District Court for the NMI has approved a commission payment to Clear Management Limited for the sale of Imperial Pacific International (IPI)'s gaming assets, stemming from a fourth auction and direct sales. Concurrently, a former IPI employee, Joshua Gray, who secured a US$5.6 million default judgment, is seeking inclusion in the ongoing limited receivership proceedings against IPI.","focusai_entities":"Ramona V. Manglona, Clear Management Limited, Imperial Pacific International (IPI), Law Offices of Michael A. White LLC, Michael White, David Albanese, Angel Playing Card (APC), Joshua Gray, Aaron Halegua, USA Fanter Cor., Mariana\u2019s Variety","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Liability Resolution","query":"What is the comprehensive financial exposure of Imperial Pacific International, and what is the projected timeline and mechanism for satisfying the US$5.6 million judgment awarded to Joshua Gray within the ongoing receivership framework?"},{"label":"Gaming Asset Divestiture","query":"Beyond the reported auction proceeds, what specific categories of gaming assets were divested by Clear Management Limited, and what are the implications of this liquidation for the operational capacity and market positioning of Imperial Pacific International in the NMI jurisdiction?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-777006453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006453","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=777006453"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006453\/revisions"}],"predecessor-version":[{"id":777006473,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006453\/revisions\/777006473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6701"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}