CHIEF Judge Ramona V. Manglona of the District Court for the NMI has extended the effective date of Imperial Pacific International LLCâs receivership for another week following a request from the parties.
Judge Manglona modified her previous order that set the terms of IPIâs receivership, and ordered IPI receiver Joyce Tang not to take any action concerning the sale of assets until March 19, at 1:30 p.m.
âAll other terms and provisions of the order remain unchanged,â the judge added.
On Friday, the U.S. Department of Labor, through attorney Charles Song, and IPI, through attorney Michael Dotts, submitted a stipulation to stay the effective date of the receivership by one week.
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