After more than 3 years in Superior Court and after fighting at least 2 outside legal attempts to have the case moved to Federal Court the NMIRF has done a 180° turn and now is requesting that the case be removed to Federal Court.
The Marianas Variety ran this article today: http://mvariety.com/cnmi/cnmi-news/local/46768-fund-wants-lawsuit-removed-from-govendo.php
Most recently, in late 2011, Sapuro Rayphand had asked to move the Superior Court case to Federal Court. This move was met with resistance by the NMIRF, who filed a motion to Remand the case back to Superior Court.
We should be able to safely assume that should the Chapter 11 Bankruptcy proceedings be thrown out of Federal Court the NMIRF attorneys will no longer fight against moving the case to Federal Court through receivership or other means.