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Cojuangco, Jr. vs. Roxas

G.R. No. 91925 EDUARDO M. COJUANGCO, JR., MANUEL M. COJUANGCO and RAFAEL G. ABELLO, petitioners, vs. ANTONIO J. ROXAS, JOSE L. CUISIA, JR., OSCAR HILADO, Presidential Commission on Good Government (PCGG), SAN MIGUEL CORPORATION (SMC) and SANDIGANBAYAN (First Division), respondents. G.R. No. 93005 EDUARDO M. COJUANGCO, JR., ENRIQUE M. COJUANGCO and MANUEL M. COJUANGCO, petitioners, vs. ADOLFO AZCUNA, EDISON COSETENG, PATRICIO PINEDA, Presidential Commission on Good Government (PCGG), and SAN MIGUEL CORPORATION (SMC), respondents. Estelito P. Mendoza and Villareal Law Offices for petitioners.

G.R. No. 91925 | 1991-04-16

Republic of the Philippines
SUPREME COURT
Manila
 
EN BANC
 
D E C I S I O N
 
GANCAYCO, J.:
 
The issue squarely presented by the petitioners is whether or not the Presidential Commission on Good Government (PCGG) may vote the sequestered shares of stock of San Miguel Corporation (SMC) and elect its members of the board of directors.

In G.R. No. 91925 the facts alleged are undisputed.  Petitioners are stockholders of record of SMC as follows —
 
Stockholders
No. of Shares
 
 
Eduardo M. Cojuangco, Jr.
13,225
Manuel M. Cojuangco
5,750
Rafael G. Abello
5,750
 
On April 18,...