Post by Logan on Apr 19, 2016 3:23:55 GMT -6
Calvo affiliate YTK Corp. awarded $12.7M for failed Port deal
A Calvo family-related business that failed for years to pay rent on Hotel Wharf could get a $12.7 million payday from its former landlord — the Port Authority of Guam.
An arbitration panel recently awarded Guam YTK Corp. $12.7 million and the company’s law firm, Calvo Fisher and Jacob, $1.25 million, documents show.
Port Authority would have to pay the award if it stands court review.
A status hearing on the case in the Superior Court of Guam, which was scheduled for April 14, was taken off the calendar. No new date was immediately available.
Read more: www.guampdn.com/story/news/2016/04/18/calvo-affiliate-ytk-corp-awarded-127m-failed-port-deal/83175876/
A Calvo family-related business that failed for years to pay rent on Hotel Wharf could get a $12.7 million payday from its former landlord — the Port Authority of Guam.
An arbitration panel recently awarded Guam YTK Corp. $12.7 million and the company’s law firm, Calvo Fisher and Jacob, $1.25 million, documents show.
Port Authority would have to pay the award if it stands court review.
A status hearing on the case in the Superior Court of Guam, which was scheduled for April 14, was taken off the calendar. No new date was immediately available.
Read more: www.guampdn.com/story/news/2016/04/18/calvo-affiliate-ytk-corp-awarded-127m-failed-port-deal/83175876/