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Fontana Resort and County Club, Inc. and RN Development Corporation vs. Spouses Roy S. Tan and Susan C. Tan

FONTANA RESORT AND COUNTRY CLUB, INC. AND RN DEVELOPMENT CORP., Petitioners, vs.SPOUSES ROY S. TAN AND SUSAN C. TAN, Respondents.

G.R. No. 154670 | 2012-01-30

FIRST DIVISION

D E C I S I O N

LEONARDO-DE CASTRO, J.:


For review under Rule 45 of the Rules of Court is the Decision1 dated May 30, 2002 and Resolution2 dated August 12, 2002 of the Court Appeals in CA-G.R. SP No. 67816. The appellate court affirmed with modification the Decision3 dated July 6, 2001 of the Securities and Exchange Commission (SEC) En Banc in SEC AC Case No. 788 which, in turn, affirmed the Decision4 dated April 28, 2000 of Hearing Officer Marciano S. Bacalla, Jr. (Bacalla) of the SEC Securities Investigation and Clearing Department (SICD) in SEC Case No. 04-99-6264.


Sometime in March 1997, respondent spouses Roy S. Tan and...