Imperial Pacific International first payment to the U.S. The Department of Labor to the tune of $164,000 was paid on time on April 1, according to IPI lawyer Michael Dotts.
Imperial Pacific International says its business is still viable despite reporting a loss for the past two years and said its controlling shareholder has pledged to provide finance to settle its liabilities and and potential litigation costs.
Chief Judge Ramona Manglona of the District Court for the NMI has ordered Imperial Pacific International Chairwoman Cui Li Jie to make a forensic copy of her cell phone, including all WeChat data, as well as her email accounts, messaging accounts or other electronically stored information, in relation to one of the ongoing lawsuits against the firm.
Imperial Pacific International has narrowly avoided receivership for the time being after reaching a new arrangement with the US Department of Labor. Meanwhile, it is also agreed between the US Department of Labor and the CNMI Department of Finance that the former’s consent judgement vis-a-vis IPI must take precedence over the latter’s tax lien.
Imperial Pacific International has been given an extension until March 19 to settle its debts before its assets are put into receivership. The company was to have paid millions in back wages and other costs by this Friday.