Status hearing for Able Industries continued - KUAM.com-KUAM News: On Air. Online. On Demand.

Status hearing for Able Industries continued

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by Mindy Aguon

Guam - Able Industries was expected to provide an update on their efforts to pay employees and their debts during a status hearing today, but the matter was continued until next week. During the last hearing, the court released $265,000 so the company could make payroll. 

Able is seeking the release of the remaining $500,000 while a former trustee has asked the court to put a receiver in charge of the company.  Able remains under investigation by the U.S. Department of Labor, which has already found that the organization failed to pay more than a half-million dollars in retirement benefits to its employees. 

Another status hearing is scheduled for December 30.

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