Fed court takes USA Fanter bid for judgment into consideration
Tag: USA Fanter
The U.S. District Court for the NMI has placed under advisement USA Fanter Corp.’s motion for final judgment of over $2 million against the Saipan casino licensee.
This comes soon after USA Fanter filed a motion for summary judgment and final judgement order in the amount of $2,089,345.28 against Imperial Pacific International (CNMI) LLC before Chief Judge Ramona V. Manglona issues a written order.
Manglona earlier granted USA Fanter’s mechanic’s lien petition in the amount of $2,089,345.28 against IPI. That was in September 2020.
A mechanic’s lien is a guaranteed payment to builders, contractors, and construction firms and also ensures that the that party is paid before anyone else in the event of a liquidation.
USA Fanter claims that IPI has only paid it $300,000 to date.
USA Fanter, through Colin Thompson, is suing IPI for not paying the full amount due them under a construction contract for labor and material provided for the improvement of IPI’s property.
According to the lawsuit, IPI fell behind on paying invoices from USA Fanter because IPI did not pay the agreed upon down payment. Despite promises it made to pay, IPI failed to make the payments required under the contract. USA Fanter stopped work on the project, terminated the construction contract, and sued IPI for amounts owed.