GEDA/Laing settlement filed for court's review - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA/Laing settlement filed for court's review

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by Mindy Aguon

Guam - A settlement agreement between the Guam Economic Development Authority and John Laing and the Guam Motion Picture Company was filed in the Superior Court of Guam.  The agreement stipulates that Laing will pay $350,000 - $250,000 must be paid on June 30 with the remainder to be paid by September 30.

Laing took out an $800,000 loan guaranty for the movie "Max Havoc: Curse of the Dragon", which was shot on Guam. The agreement will be reviewed by Judge Michael Bordallo for his approval.

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