Luta sale is stayed

The public auction for cargo ship M/V Luta, originally set for Wednesday, Feb. 8, will not push through. U.S. District Court for the NMI designated Judge Frances Tydingco-Gatewood stayed the sale of M/V Luta for 60 days. She announced the 60-day stay of the sale during a motions...
Posted On Feb 03 2017 06:06
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‘Sale of ship will only put Yamamoto in worse position’

Japanese investor Takahisa Yamamoto has offered no legal reason to insist on the sale of M/V Luta since it will put him in a worse position, according to the owner/operators of the vessel. In fact, based on the evidence in the record, Yamamoto was never entitled to a maritime...
Posted On Jan 30 2017 06:00
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Counterclaim vs Yamamoto

The owners of cargo ship M/V Luta have filed counterclaims for fraud and other claims against Japanese investor Takahisa Yamamoto. M/V Luta, Luta Mermaid LLC, Luta Mermaid president Abelina T. Mendiola, and Luta Mermaid members Deron T. Mendiola and Fidel S. Mendiola III also...
Posted On Jan 20 2017 06:06
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Judge orders sale of M/V Luta

A federal judge ordered yesterday the sale of cargo ship M/V Luta, in the minimum bid amount of $550,000. U.S. District Court for the NMI designated judge Frances M. Tydingco-Gatewood approved the vessel’s sale, citing its expensive upkeep and the delay in securing its release....
Posted On Jan 10 2017 06:06
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