U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has rejected NMI Settlement Fund trustee Joyce C.H. Tang’s proposed engagement agreement with a law firm that is currently representing the claims against the NMI Retirement Fund’s former consultant,...

NMI Settlement Fund trustee Joyce C.H. Tang has disclosed that based on their independent review of the case, there is basis in pursuing the claims against the NMI Retirement Fund’s former investment consultant, Merrill Lynch. Based on the Settlement Fund trustee legal team’s...

The Northern Marianas College objected yesterday to a portion of NMI Settlement Fund trustee Joyce C. H. Tang’s report, saying that the assertion that NMC is not complying with the terms of Betty Johnson’s settlement agreement is false. NMC counsel Mark A. Scoggins said that Tang...

Govt made timely quarterly payments Fund investments gains from 2 quarters reach $3.8M To date, the CNMI government has paid $24.5 million of the $25 million minimum annual payment due under the settlement agreement in Betty Johnson’s class action. The government has also made...