{"id":777007850,"date":"2023-08-02T06:27:19","date_gmt":"2023-08-02T09:27:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007850"},"modified":"2026-04-22T19:26:28","modified_gmt":"2026-04-22T22:26:28","slug":"ipi-agrees-to-pay-usa-fanter-to-settle-lawsuit","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-agrees-to-pay-usa-fanter-to-settle-lawsuit","title":{"rendered":"IPI agrees to pay USA Fanter to settle lawsuit"},"content":{"rendered":"\n<p>Imperial Pacific will pay USA Fanter US$251,581 over unpaid construction bills.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Northern Mariana Islands.- <strong>Imperial Pacific International (IPI)\u00a0<\/strong>has reached an agreement with <strong>USA Fanter Corp\u00a0<\/strong>in a long-standing legal battle According to Mariana&#8217;s Variety,\u00a0<strong>chief judge Ramona V. Manglona<\/strong>\u00a0of the District Court for the NMI has issued a mandate directing Thompson Law to release US$251,581.44 from its Client Trust Account to USA Fanter.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cnmi-court-denies-motion-to-appoint-receiver-for-ipi-sale\" target=\"_blank\">USA Fanter<\/a>\u00a0had sued IPI for failing to pay the full amount due under its construction contract for labour and materials at IPI\u2019s property.\u00a0<strong>IPI paid USA Fanter US$300,000<\/strong>\u00a0while the unpaid balance was over US$2,089,345.<\/p>\n\n\n\n<p>USA Fanter won a judgement vut IPI appeaedl to the US Court of Appeals for the Ninth Circuit, leading to the issuance of an order for\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-to-provide-supersedeas-bond-in-lawsuit-filed-by-usa-fanter\" target=\"_blank\">an appeal bond worth US$2,450,000<\/a>. The parties have now entered a settlement agreement resolving the case.<\/p>\n\n\n\n<p>According to the stipulation, \u201cWhile the Parties acknowledge that, due to the establishment of the Limited Receivership, the court may not wish to close this case, all claims made by USA Fanter, in this case, have been satisfied.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imperial Pacific will pay USA Fanter US$251,581 over unpaid construction bills.<\/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 reached a settlement with USA Fanter Corp, agreeing to pay US$251,581.44 for outstanding construction bills. This resolution concludes a protracted legal dispute over unpaid services at IPI's property, with the payment being released from a client trust account, though the case's final closure is pending due to IPI's limited receivership status.","focusai_entities":"Imperial Pacific International (IPI), USA Fanter Corp, Thompson Law, Ramona V. Manglona, District Court for the NMI, US Court of Appeals for the Ninth Circuit","focusai_location":"Northern Mariana Islands, USA","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Receivership Impact","query":"How does this settlement, under the context of IPI's limited receivership, impact the overall financial restructuring and long-term operational viability of the casino property in the Northern Mariana Islands?"},{"label":"Regulatory Oversight Implications","query":"What are the specific implications for regulatory bodies in the NMI regarding IPI's ongoing financial distress and its ability to meet future operational and licensing obligations, particularly concerning its gaming concession?"}],"footnotes":""},"categories":[16336,154],"tags":[24134],"class_list":["post-777007850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legislation-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007850","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=777007850"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007850\/revisions"}],"predecessor-version":[{"id":777007857,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007850\/revisions\/777007857"}],"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=777007850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}