G.R. No. 185647, 26 July 2017 FACTS: DTTI is a domestic closed corporation owned by the Dy siblings. Due to certain disagreements relating to its management, DTTI instituted an action for injunction against respondents for alleged squandering cash sales from the branch. This was docketed as an intra-corporate case. Respondents, on the other hand, filed [...]

G.R. No. 210316, 28 November 2016 FACTS: Herein respondent CJH Development Corporation (CJHDC) is a duly­ organized domestic corporation which is engaged in the acquisition, development, sale, lease and management of real estate and any improvements thereon or any interest and right therein. CJHDC entered into a Lease Agreement (Agreement) with the Bases Conversion and [...]

G.R. Nos. 198469-70, 4 September 2013 FACTS: Respondent Gabaldon filed with the SEC’s Enforcement and Prosecution Department a complaint for violation of the Revised Securities Act and the Securities Regulation Code against petitioners Citibank N.A. The respondents met with petitioner Lim, who "induced" them into signing a subscription agreement for the purchase of USD 2,000,000.00 [...]

G.R. No. 187702, 22 October 2014 FACTS: Omico scheduled its annual stockholders’ meeting and set the deadline for submission of proxies and the validation of proxies. Astra objected to the validation of the proxies issued in favor of Tia, representing about 38% of the outstanding capital stock of Omico. Astra also objected to the inclusion [...]

G.R. No. 174978, 31 July 2013 FACTS: Respondent Joy Training is a non-stock, non-profit religious educational institution. The spouses Richard and Linda Johnson, members of the Board of Trustees of the former, sold the real properties, a Wrangler jeep, and other personal properties in favor of the spouses Sally and Yoshio Yoshizaki. Joy Training filed [...]

G.R. No. 179121, 9 November 2015 FACTS: Respondents claimed that Cuaycong, a salesman in securities, had engaged in fraudulent and deceitful activities with the complicity and knowledge of the defendant stock market brokerage firms, and the other individual defendants resulting in the loss of respondents' investments. Respondent Cacho-Olivares also furnished the PSE with copies of [...]

G.R. Nos. 183905, 16 April 2009 FACTS: The annual stockholders’ meeting of the Manila Electric Company (Meralco) was scheduled on 27 May 2008. In connection with the annual meeting, proxies were required to be submitted on or before 17 May 2008, and the proxy validation was slated for five days later. In view of the [...]

G.R. No. 200620, 18 March 2015 FACTS: Respondent PHILCOMSAT owns 81% of the outstanding capital stock of Philcomsat Holdings Corporation (PHC). The majority shareholders of PHILCOMSAT are also the seven families who have owned and controlled POTC. The PCGG nominees have aligned with the Nieto family against the group of Africa and Ilusorio (Africa-Bildner), in [...]

G.R. No. 179047, 11 March 2015 FACTS: On April 25, 1996, SBGCCI and UIGDC entered into a Development Agreement. UIGDC agreed to "finance, construct and develop the [golf course], for and in consideration of the payment by [SBGCCI] of its 1,530 (SBGCCI) shares of stock." Upon SBGCCI's application, the Securities and Exchange Commission issued an [...]

G.R. No. 201298, 5 February 2014 FACTS: Cosare claimed that sometime in April 1993, he was employed as a salesman by Arevalo, who was then in the business of selling broadcast equipment needed by television networks and production houses. In December 2000, Arevalo set up the company Broadcom, still to continue the business of trading [...]