Report sought on status of Betty Johnson class action

Posted on Sep 05 2017

Tag: CNMI, District Court, Joyce Tang, Settlement Fund Trustee

The federal court ordered Settlement Fund Trustee attorney Joyce Tang and other parties to report whether all issues in the Betty Johnson’s class action have been resolved.

U.S. District Court for the NMI designated Judge Frances Tydingco-Gatewood also directed Tang and other parties in the class action to submit the report whether this case can now be closed in light of the Johnson’s settlement.

The judge gave the parties no later than Sept. 15, 2017, to file the report.

In 2013, Tydingco-Gatewood gave final approval to the global settlement agreement in Johnson’s class action against the CNMI government and the NMI Retirement Fund.

Under the settlement deal, the CNMI government agreed to make annual payments that will enable the Settlement Fund to pay at least 75 percent of class members’ benefits.

With the final approval, all Retirement Fund assets were then transferred and assigned as assets of the Settlement Fund. The Settlement Fund was then administered by Tang.

Ferdie De La Torre | Reporter

Ferdie Ponce de la Torre is a senior reporter of Saipan Tribune. He has a bachelor’s degree in journalism and has covered all news beats in the CNMI. He is a recipient of the CNMI Supreme Court Justice Award. Contact him at ferdie_delatorre@Saipantribune.com

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