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Last updateThu, 18 Jan 2018 12am

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    Wednesday, January 17, 2018-4:33:29P.M.

     

     

     

     

     

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Flores estate appeals verdict in Union Bank lawsuit

THE estate of former Saipan Mayor Donald Flores, through his son Derron Flores, is appealing a federal jury’s verdict last month that Union Bank did not breach its contract with the late former mayor.

The estate sued the Union Bank of California to collect principal and interest on a 1993 certificate of deposit amounting to $200,000.

On Thursday, the estate’s lawyer, Juan T. Lizama, filed an appeal with the District Court of the NMI.

Union Bank attorney Sean Frink has said that Donald Flores was paid $200,000 in 1994 as he had requested through a phone call, and the bank has the records to prove it.

Then-Saipan Mayor Donald Flores sued Union Bank in federal court in 2011. The court granted a summary judgment in favor of the bank on grounds that the statute of limitations had lapsed.

Donal Flores then appealed, but he passed away while the appeal was pending in 2014, and his wife, as administrator of his estate, was substituted as appellant. When she passed away in 2015, Derron Flores, the couple’s only son, was appointed as the administrator of the estate.