Page 4 - Michael Dotts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ATTORNEY Michael Dotts told the federal court that progress has been made in repatriating Imperial Pacific International’s Mongolian construction workers. He said IPI, which he represents, is hopeful that the employees can return to their home country in early May. Construction work at the IPI casino-resort site remains suspended as ordered by the court, Dotts added. In IPI’s 14th status report filed with the District Court for the NMI on Monday, Dotts said, “IPI employee housing still has power. Food services have continued without interruption for all IPI H-2B workers.” ...

CHIEF Judge Ramona V. Manglona of the District Court for the NMI has extended the effective date of Imperial Pacific International LLC’s receivership for another week following a request from the parties. Judge Manglona modified her previous order that set the terms of IPI’s receivership, and ordered IPI receiver Joyce Tang not to take any action concerning the sale of assets until March 19, at 1:30 p.m. “All other terms and provisions of the order remain unchanged,” the judge added. On Friday, the U.S. Department of Labor, through attorney Charles Song, and IPI, through a...

IMPERIAL Pacific International LLC receiver Joyce Tang wants to know whether the two crystal dragons in the IPI hotel-casino lobby are among IPI’s assets.

THE amount of Imperial Pacific International LLC assets that need to be sold could exceed $10 million, IPI attorney Michael Dotts told the federal court on Wednesday. Because IPI CNMI is facing multiple lawsuits, he said the court-ordered receivership “could also develop into the full liquidation of the company to satisfy other judgments or provide the framework for a liquidation process.” According to an online business dictionary, “the term liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants.” Dott...

CHIEF Judge Ramona V. Manglona of the District Court for the NMI has disclosed a familial relationship with an associate attorney at Joyce Tang’s Guam law firm, Civille & Tang