U.S. District Court for the NMI Chief Judge Ramona V. Manglona yesterday entered a judgment holding a Guam corporation liable to pay its CNMI subcontractor $220,493.44. <\/p>\n
Manglona issued the judgment in favor of GPPC Inc. and against defendants Vector Works Corp., also known as Vector Works Design & Builders Inc., and Vector Works sole shareholder and director Kazuhiko Ishizeki, after the parties agreed to the judgment amount to settle their dispute.<\/p>\n
GPPC had sued the defendants for breach of contract and demanded contractual pre-judgment interest, attorney\u2019s fees, and court costs.<\/p>\n
Manglona said that interest on the unpaid judgment amount shall continue to accrue at the rate of 10 percent per annum, compounded monthly.<\/p>\n
The judge said GPPC is entitled to enforce the judgment by any legal means such as filing a petition for writ of attachment and\/or execution, judgment lien, foreclosure sale and\/or order in aid of judgment.<\/p>\n
Ishizeki and GPPC counsel Mark B. Hanson signed the stipulation to a judgment that will resolve all claims in GPPC\u2019s lawsuit filed in federal court.<\/p>\n
According to court papers, Ishizeki, on behalf of himself and Vector Works, executed and delivered to GPPC on Oct. 28, 2008, a promissory note dated Oct. 7, 2008, in the amount of $170,000. Ishizeki agreed that they owed GPPC the amount as its subcontractor.<\/p>\n
There remains an unpaid balance on the promissory note, including all accrued interest, totaling $219,493.44.<\/p>\n
Ishizeki also agreed to pay GPPC $1,000 in attorney\u2019s fees and costs of suit. <\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. District Court for the NMI Chief Judge Ramona V. Manglona yesterday entered a judgment…<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[26,93,263,259],"class_list":["post-44329","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-cnmi","tag-district-court","tag-gppc","tag-lawsuit"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/44329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=44329"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/44329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=44329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=44329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=44329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}