Two investors have sued their former business partners for allegedly breaching their settlement agreement.<\/p>\n
Duk Hwan Ko and Nam Soo Kim sued Eui Young Yu, Song Soon Won and YKK Corp.<\/p>\n
Ko and his wife Kim, through counsel Sean Frink, asked the Superior Court to declare that the defendants breached their settlement agreement.<\/p>\n
The couple requested the court to rule that they have no obligation to assign the lease of property or return the improvements in the property to the defendants.<\/p>\n
The couple demanded that they would retake possession and control of the property \u201cfree and clear of any obligation to re-assign the property to the defendants.\u201d<\/p>\n
Frink stated in the complaint that on May 30, 2001, Mr. Ko sued Mr. Yu and YKK over their partnership dispute.<\/p>\n
The case was dismissed with prejudice on Sept.26, 2002 by Judge David Wiseman pursuant to a settlement agreement.<\/p>\n
The parties agreed that Mr. Yu and YKK shall immediately assign the property and its improvements to Mr. Ko and then commence paying the $304,000 in installment payments.<\/p>\n
Frink said the new lawsuit is brought because the defendants are in default.<\/p>\n
The parties were involved in the construction of an apartment complex on Saipan in 1997. (Ferdie de la Torre)<\/p>\n","protected":false},"excerpt":{"rendered":"
Two investors have sued their former business partners for allegedly breaching their settlement agreement.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96418","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/96418","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=96418"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/96418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=96418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=96418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=96418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}