GEDA is seeking to recover $800,000 from movie producer John Laing for the loan guarantee that he obtained from Comerica Bank.
A pre-trial conference is scheduled for June 15 next year while jury selection and trial are slated to begin on June 28.
Superior Court judge Michael Bordallo is presiding over the case.
Laing first filed a case in a California court against the government of Guam to get out of the loan agreement, but lost the suit and ended up having to pay GovGuam $57,000 in legal fees. Â
The case was also dismissed with prejudice and sent back to local courts.
â€œMax Havocâ€ was filmed on island in 2004, but unfortunately never made a huge impact on the big screen and instead headed straight to video release.
The movie was produced by the now defunct Guam Motion Pictures Corporation in hopes of starting a movie infrastructure on island.
Albert Pyun and Laing convinced GEDA board members into guaranteeing the loan, claiming an excellent financial record. In June 2006, Laing defaulted on the loan.