G.O.B. Settles Lawsuit Brought by Glenn D. Godfrey Acquisitions
114 views · Published 26 November 2018 · 2:39 · Indexed 8 November 2026
Channel: Greater Belize Media | GBM · 2018 · News & Politics
For the latest news across Belize, visit: http://edition.channel5belize.com/ More than ten years ago, G.D.G. Acquisitions, a company controlled by Glenn Godfrey, sued the Government of Belize in the U.S. The lawsuit claimed that the government was liable for additional lease payments on telephone equipment under the master lease agreement for the now-defunct INTELCO. G.D.G. sought thirty million dollars in damages, but the government won the first round of litigation. G.D.G. Acquisitions, however, was successful in its appeal and after government’s attorneys reviewed the master lease agreement, the Prime Minister was advised that the matter be settled. On November fifteen, G.D.G. and G.O.B. entered into a conditional settlement agreement.
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