Laing, GMPC make first installment on settlement - KUAM.com-KUAM News: On Air. Online. On Demand.

Laing, GMPC make first installment on settlement

Posted: Updated:

by Mindy Aguon

Guam - John Laing and the Guam Motion Picture Company have made good on a settlement agreement with the Guam Economic Development Authority. The payment is the final installment of a $350,000 settlement agreement for an $800,000 loan guaranty that was provided years ago to the company for the production of the blockbuster flop Max Havoc: Curse of the Dragon

GEDA had sued the company and the company and agreed to settle the matter if Laing came up with the $350,000. Officials confirm they received the last payment earlier this month.

  • NEWS HEADLINESMore>>

  • Shelton pushing for war claims payouts

    Shelton pushing for war claims payouts

    Day 1 of the March legislative session saw a number of bills advanced onto the 3rd Reading File for a later vote. But it was a resolution by Senator Amanda Shelton that generated some of the most impassioned speeches by senators. The measure calls for expMore >>
    Day 1 of the March legislative session saw a number of bills advanced onto the 3rd Reading File for a later vote. But it was a resolution by Senator Amanda Shelton that generated some of the most impassioned speeches by senators. The measure calls for expMore >>
  • Mike Phillips ready to testify in favor of Dan Tydingco

    Mike Phillips ready to testify in favor of Dan Tydingco

    Air Transportation Committee chair Senator Telena Nelson is sticking to her decision to withhold the nomination of former Port Authority of Guam chairman Dan Tydingco to the board of directors for the Guam International Airport Authority. Nelson says whilMore >>
    Air Transportation Committee chair Senator Telena Nelson is sticking to her decision to withhold the nomination of former Port Authority of Guam chairman Dan Tydingco to the board of directors for the Guam International Airport Authority. Nelson says whilMore >>
  • 39 new Americans earn their citizenship

    39 new Americans earn their citizenship

    KUAM file footageKUAM file footage
    KUAM file footageKUAM file footage
    The District Court of Guam welcomed 39 new citizens from China, the Philippines, and South Korea. At a special Women's History Naturalization ceremony, Governor Lou Leon Guerrero spoke to the newest American citizens. She encouraged them to work hard and More >>
    The District Court of Guam welcomed 39 new citizens from China, the Philippines, and South Korea. At a special Women's History Naturalization ceremony, Governor Lou Leon Guerrero spoke to the newest American citizens. She encouraged them to work hard and More >>
Powered by Frankly