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Settlement Fund proposed budget for FY ’20 is $46M

The NMI Settlement Fund’s proposed fiscal year 2020 budget is $46 million, which is $1.2 million less than the fiscal year 2019 budget of $47.2 million. Settlement Fund trustee Joyce C. H. Tang discussed the Fund’s budget in her report filed Friday with the U.S. District Court...
Posted On Sep 25 2019 06:06
, By Ferdie De La Torre
0

Settlement Fund urged to take higher risk

The investment consultant of the NMI Settlement Fund is now recommending a shift of the Fund’s investment policy to “moderate risk strategy” from “very conservative” considering that it has now sufficient funds in its reserves. Settlement Fund trustee Joyce C. H. Tang disclosed...
Posted On Sep 24 2019 06:06
, By Ferdie De La Torre

CNMI accused of bad faith

Accusing it of acting in bad faith and of breaching the settlement agreement, the CNMI government came under fire from the lawyer of the NMI Settlement Fund, who slammed the government for refusing to recognize the Settlement Fund’s right to proceed on claims against the...
Posted On Sep 13 2019 06:06
, By Ferdie De La Torre

Court asked to prevent Settlement Fund from suing Commonwealth

Gov. Ralph DLG Torres and the CNMI government, through the Office of the Attorney General, asked the federal court on Tuesday to prevent the NMI Settlement Fund from prosecuting the Commonwealth in Superior Court. Lillian A. Tenorio, the deputy attorney general, insists that the...
Posted On Aug 29 2019 06:00
, By Ferdie De La Torre
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