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BREAKING NEWS: 9th Circuit allows CCC to disclose IPI’s tax info
The U.S. Court of Appeals for the Ninth Circuit has denied Imperial Pacific International (CNMI) LLC’s motion to suspend the U.S. District Court for the NMI’s preliminary injunction order that allowed the Commonwealth Casino Commission to disclose IPI’s confidential income tax information that is subject of a legal dispute.
In their order Monday, Ninth Circuit judges A. Wallace Tashima and Milan D. Smith Jr. denied IPI’s motion to stop CCC from disclosing IPI’s unredacted financial statements while the appeal is pending.
Tashima and Smith ordered that the previously established briefing schedule remains in effect. They did not provide other details in their order.
Tashima and Smith recently temporarily prohibited CCC from disclosing IPI’s confidential income tax information after IPI filed the emergency motion.
The Ninth Circuit judges temporarily stayed the order of U.S. District Court for the NMI Chief Judge Ramona V. Manglona that denied the petition of IPI and its two subsidiaries for a preliminary injunction.
In a 25-page decision last Aug. 6, Manglona ruled that IPI and its subsidiaries—Grand Marianas (CNMI) LLC and Imperial Pacific Properties LLC—have not met their burden for a preliminary injunction.
IPI and its subsidiaries have asked the federal court to prevent the disclosure of unredacted financial statements because, in their view, those statements contain confidential information protected from disclosure by provisions in the CNMI tax code and the Open Government Act, and by guarantees of privacy in the U.S. and Commonwealth constitutions.
More details to follow.
