Fox Financial sued Forson for breach of contract, and IPI for breach of guarantee.
Fox Financial, through attorney Daniel T. Guidotti, requested the District Court for the NMI to issue an order awarding Fox Financial $118,000 jointly and severally against Forson and IPI, including costs and attorney’s fees that will be determined during trial.
According to the lawsuit, in 2016, Forson subleased a 21-unit apartment complex from Fox Financial and IPI guaranteed that it would pay Forson’s obligation under the sublease if Forson failed to pay Fox.
Guidotti said in February 2020, Forson failed to pay Fox Financial more than $100,000 due under the sublease.
Likewise, IPI failed to honor its promise to pay Forson’s obligation, the lawyer said.
Fox Financial now seeks to recover money due under the sublease from both Forson and IPI, Guidotti added.
He said at present, Forson owes Fox Financial at least $118,000 with accruing interest at 10% per year.
