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Re: carltonlandry post# 1094

Tuesday, 12/04/2012 2:51:07 PM

Tuesday, December 04, 2012 2:51:07 PM

Post# of 1142
The city also is not waiving its claim on getting back the $7.5 million it issued Digital Domain as part of a $10 million grant agreement.

..... the city's unsecured claim was a low priority claim in the bankruptcy case and the settlement is the best outcome for the city..........However, the city does not waive the right to make claims against any non debtors nor the right to seek claims if there's any damage done to Tradition Studios from when the judge issues a settlement order to when Digital Domain vacates the building. The city also is not waiving its claim on getting back the $7.5 million it issued Digital Domain as part of a $10 million grant agreement.



http://www.tcpalm.com/news/2012/dec/03/city-of-port-st-lucie-oks-potential-settlement/




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