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Seizure of IPI’s vehicles OK’d
The District Court for the NMI has authorized U.S. Marshals Service to seize Imperial Pacific International (CNMI) LLC’s vehicles pursuant to a writ of execution granted in favor of USA Fanter Corp. Ltd.
U.S. District Court for the NMI Chief Judge Ramona Manglona ordered the U.S. Marshals Service last Tuesday to seize IPI’s vehicles pursuant to granting USA Fanter’s application for a writ of execution.
According to the court order, IPI owns motor vehicles that include heavy equipment with an estimated value of $1,051,304.
However, the court says the vehicles may have depreciated in value over the last few years due to lack of maintenance.
In this case, USA Fanter sued IPI for failing to pay a construction staging lease agreement, a construction contract, quarry products, and heavy equipment rentals. USA Fanter sought over $200,000 in damages.
Last year, the federal court struck IPI’s answer to USA Fanter’s complaint and found the casino investor in default.
USA Fanter also sued IPI for its failure to pay the full amount due under their construction contract for labor and materials provided for the improvement of IPI’s real property in Garapan.
In that case, IPI had paid USA Fanter $300,000 only and the unpaid balance due was not less than $2,089,345.28.
In that lawsuit, the federal court issued a final judgment in favor of USA Fanter and later granted USA Fanter’s request for a receivership. Clear Management was appointed to oversee the sale of IPI assets.
USA Fanter also won a defamation lawsuit against IPI and was awarded by the federal court $500,000 in damages.
