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Roy III vs. Herbosa et al.

JOSE M. ROY III, Petitioner, vs. CHAIRPERSON TERESITA HERBOSA, THE SECURITIES AND EXCHANGE COMMISSION, and PHlLIPPINE LONG DISTANCE TELEPHONE COMPANY, Respondents. x------------------------------x WILSON C. GAMBOA, JR., DANIEL V. CARTAGENA, JOHN WARREN P. GABINETE, ANTONIO V. PESINA, JR., MODESTO MARTIN Y. MAMON Ill, and GERARDO C. EREBAREN, Petitioners-in-Intervention, x------------------------------x PHILIPPINE STOCK EXCHANGE, INC., Respondent-in-Intervention, x------------------------------x SHAREHOLDERS' ASSOCIATION OF THE PHILIPPINES, INC., Respondent-in-Intervention. 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. No. 207246 | 2016-11-22

Republic of the Philippines
Supreme Court
Manila
 
EN BANC
 
DECISION

CAGUIOA, J.:

The petitions 1 before the Court are special civil actions for certiorari under Rule 65 of the Rules of Court seeking to annul Memorandum Circular No. 8, Series of 2013 ("SEC-MC No. 8") issued by the Securities and Exchange Commission ("SEC") for allegedly being in violation of the Court's Decision2 ("Gamboa Decision") and Resolution3 ("Gamboa Resolution") in Gamboa v. Finance Secretary Teves, G.R. No. 176579, respectively promulgated on June 28, 2011, and October 9, 2012, which jurisprudentially established the...