The US District Court for the NMI has issued a default judgment.<\/p>\n\n\n\n\n\n\n\n
Northern Mariana Islands.- The US District Court for the Northern Mariana Islands has issued a default judgment exceeding US$200,000 in favour of\u00a0Kan Pacific Saipan<\/strong>\u00a0against\u00a0Imperial Pacific International (IPI)<\/strong>.\u00a0Kan Pacific was suing IPI<\/a> for nonpayment.<\/p>\n\n\n\n Magistrate judge and clerk of court\u00a0Heather Kennedy<\/strong> issued the default judgment following IPI’s failure to appear and present its case before the court. In accordance with Federal Rule of Civil Procedure 55(b), Kan Pacific Saipan petitioned for a default judgment against IPI. <\/p>\n\n\n\n The judgment includes the principal sum of US$200,000 and prejudgment interest amounting to US$9,698.63, reflecting a 10 per cent increase for each day of nonpayment up to November 21, 2023. Kan Pacific was also granted legal fees and costs, the exact amount to be determined by the court. Post-judgment interest will apply.<\/p>\n\n\n\n The lawsuit alleged that IPI failed to fulfil an annual payment obligation of US$200,000 due on June 1, 2023.<\/p>\n\n\n\n Meanwhile,\u00a0Clear Management\u00a0<\/strong>has announced that\u00a06,458 bottles of liquor<\/a>\u00a0from the casino operator will be auctioned in early December. This follows a court order dated October 23, 2023, directing the receiver to compile an inventory of items for sale. The receiver has already commenced a live auction for IPI\u2019s gaming equipment. The latest auctions are to satisfy a judgment in favour of former IPI employee\u00a0Joshua Gray<\/strong>, who\u00a0s<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The US District Court for the NMI has issued a default judgment.<\/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":"The US District Court for the NMI has issued a default judgment exceeding US$200,000 against Imperial Pacific International (IPI) in favor of Kan Pacific Saipan for non-payment. Concurrently, IPI's assets, including liquor and gaming equipment, are being auctioned to satisfy other judgments, underscoring the operator's severe financial distress and ongoing legal challenges.","focusai_entities":"Kan Pacific Saipan, Imperial Pacific International (IPI), Clear Management, US District Court for the Northern Mariana Islands, Heather Kennedy, Joshua Gray","focusai_location":"Northern Mariana Islands, US","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI's NMI Impact","query":"What are the broader implications of Imperial Pacific International's financial distress and asset liquidation for the Northern Mariana Islands' gaming market and its regulatory framework?"},{"label":"Creditor Recovery Outlook","query":"How will the ongoing asset auctions and default judgments impact the recovery prospects for other creditors and former employees of Imperial Pacific International?"}],"footnotes":""},"categories":[16336,439],"tags":[24134],"class_list":["post-777011506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011506","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=777011506"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011506\/revisions"}],"predecessor-version":[{"id":777011537,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011506\/revisions\/777011537"}],"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=777011506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}