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

Laing, GMPC make first installment on settlement

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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.

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