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Armand O. Raquel-Santos, et al. Vs. Court of Appeals 592 SCRA 169

ARMAND O. RAQUEL-SANTOS and ANNALISSA MALLARI, Petitioners, versus COURT OF APPEALS and FINVEST SECURITIES CO., INC., Respondents.

G.R. No. 174986, 175071 and 181415 | 2009-07-07

DECISION 

NACHURA, J.: 

Three petitions, arising from related events, were consolidated by this Court: G.R. Nos. 174986 and 175071 are petitions for review assailing the Court of Appeals (CA) Decision[1] in CA-G.R. CV No. 85176 dated August 9, 2006, and Resolution dated October 11, 2006; and G.R. No. 181415 is a petition for review assailing the CA Decision[2] in CA-G.R. CV No. 85430 dated September 3, 2007, and Resolution dated January 24, 2008. These cases cropped up from the failure of Finvest Securities Co., Inc. (Finvest) to meet its obligations to its clients and the Philippine Stock Exchange (PSE), allegedly caused by...