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Nora A. Bitong vs. CA, et al.

NORA A. BITONG, petitioner, vs. COURT OF APPEALS (FIFTH DIVISION) EUGENIA D. APOSTOL, JOSE A. APOSTOL, MR. & MS. PUBLISHING CO., LETTY J. MAGSANOC, AND ADORACION G. NUYDA, respondents. / NORA A. BITONG, petitioner, vs. COURT OF APPEALS (FIFTH DIVISION) and EDGARDO B. ESPIRITU, respondents.

G.R. No. 123553 | 1998-07-13

D E C I S I O N

BELLOSILLO, J:

These twin cases originated from a derivative suit 1 filed by petitioner Nora A. Bitong before the Securities and Exchange Commission (SEC hereafter) allegedly for the benefit of private respondent Mr. & Ms. Publishing Co., Inc. (Mr. & Ms. hereafter), among others, to hold respondent spouses Eugenia D. Apostol and Jose A. Apostol 2 liable for fraud, misrepresentation, disloyalty, evident bad faith, conflict of interest and mismanagement in directing the affairs of Mr. & Ms. to the damage and prejudice of Mr. & Ms. and its stockholders, including petitioner.

Alleging before the SEC that she had been the...