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Florente, Jr. etc. vs. Florente etc.

MARCELINO M. FLORETE, JR., MARIA ELENA F. MUYCO AND RAUL A. MUYCO, PETITIONERS, VS. ROGELIO M. FLORETE, IMELDA C. FLORETE, DIAMEL CORPORATION, ROGELIO C. FLORETE JR., AND MARGARET RUTH C. FLORETE, RESPONDENTS. [G.R. NO. 177275] ROGELIO M. FLORETE SR., PETITIONER, VS. MARCELINO M. FLORETE, JR., MARIA ELENA F. MUYCO AND RAUL A. MUYCO, RESPON

G.R. No. 174909 | 2016-01-20

D E C I S I O N
 
LEONEN, J.:
 
A stockholder may suffer from a wrong done to or involving a corporation, but this does not vest in the aggrieved stockholder a sweeping license to sue in his or her own capacity. The determination of the stockholder's appropriate remedy—whether it is an individual suit, a class suit, or a derivative suit—hinges on the object of the wrong done. When the object of the wrong done is the corporation itself or "the whole body of its stock and property without any severance or distribution among individual holders,"[1] it is a derivative suit, not an individual suit or...