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Philippine Coconut Procedure etc. vs. Republic of the Philippines [DISSENTING OPINION, SERENO, CJ]

PHILIPPINE COCONUT PRODUCERS FEDERATION, INC. (COCOFED), MANUEL V. DEL ROSARIO, DOMINGO P. ESPINA, SALVADOR P. BALLARES, JOSELITO A. MORALEDA, PAZ M. YASON, VICENTE A. CADIZ, CESARIA DE LUNA TITULAR, and RAYMUNDO C. DE VILLA, Petitioners, vs. REPUBLIC OF THE PHILIPPINES, Respondent. WIGBERTO E. TANADA, OSCAR F. SANTOS, SURIGAO DEL SUR FEDERATION OF AGRICULTURAL COOPERATIVES (SUFAC) and MORO FARMERS ASSOCIATION OF ZAMBOANGA DEL SUR (MOFAZS), represented by ROMEO C. ROYANDOYAN, Intervenors x---------------------------------------------x G.R. No. 178193 DANILO B. URSUA, Petitioner, vs. REPUBLIC OF THE PHILIPPINES, Respondent. Present: SERENO,* CJ, CARPIO,** VELASCO, JR., LEONARDO-DE CASTRO,** BRION, PERALTA** BERSAMIN, DEL CASTILLO, PEREZ, MENDOZA, REYES, PERLAS-BERNABE,** LEONEN, JARDELEZA** and CAGUIOA, ** JJ

G.R. Nos. 177857-58 | 2016-10-05

DISSENTING OPINION
 
SERENO, CJ:
 
The matter before the Court in these cases is the correctness of the modification made in the Resolution dated 4 September 2012, to wit:
 
WHEREFORE, the Court resolves to DENY with FINALITY the instant Motion for Reconsideration dated February 14, 2012 for lack of merit.
 
The Court further resolves to CLARIFY that the 753,848,312 SMC Series 1 preferred shares of the CIIF companies converted from the CIIF block of SMC shares, with all the dividend earnings as well as all increments arising from, but not limited to, the exercise of preemptive rights subject of the September 17, 2009...