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Pacific Rim wants $688K in IPI casino cage seized
A former contractor of Imperial Pacific International (CNMI) LLC has again asked the federal court to issue a writ of execution, this time to seize $46,201 in U.S. currency and $642,207 in foreign currency that were identified during their inspection of IPI’s casino cage.
Pacific Rim Land Development LLC, through counsel Colin M. Thompson, asked the U.S. District Court for the NMI to issue a writ of execution to have the U.S. Marshal seize the money in the casino cage at the Imperial Pacific Resort & Casino in Garapan for Pacific Rim.
Thompson said they inspected IPI’s casino cage last Monday and saw $46,2011 in U.S. currency and $642,207 in foreign currency—59,700 in Renminbi, 508,100 in Hong Kong dollars, 63,065,000 in Japanese yen, and 44,910,000 in Korean won.
Last July 15, District Court Chief Judge Ramona V. Manglona granted Pacific Rim’s motion to release to Pacific Rim $1,383,869 in IPI funds that were seized through writs of execution. Thompson said the court judgment that awarded Pacific Rim $5.65 million, remains unsatisfied in the amount of $5,525,463.
Last May 26, Manglona amended the judgment to incorporate pre-judgment interest and attorneys’ fees. The clerk then entered an amended judgment in the amount of $6.9 million plus post-judgment interest.
IPI general counsel Michael Dotts earlier stated that IPI has satisfied about $1.3 million of the judgment following the court’s first and second writs of execution, but the $5.9 million has not been satisfied in full.
