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PSE vs. Lintonjua et al.

PHILIPPINE STOCK EXCHANGE, INC., Petitioner, vs. ANTONIO K. LITONJUA1 AND AURELIO K. LITONJUA, JR., Respondent. Present: VELASCO, JR., J., Chairperson, PERALTA, PEREZ, REYES, and JARDELEZA, JJ.

G.R. No. 204014 | 2016-12-05

Republic of the Philippines
Supreme Court
Manila
 
THIRD DIVISION
 
DECISION
 
PEREZ, J.:
 
Before this Court is a Petition for Review on Certiorari filed by the Philippine Stock Exchange, Inc. (PSE) seeking to annul the 23 May 2012 Decision2 and 17 October 2012 Resolution3 of the Court of Appeals (CA) upholding the 22 February 2010 Decision 4 of the Pasig City Regional Trial Court (RTC), Branch 154, granting the claim for refund of Antonio K. Litonjua and Aurelio K. Litonjua, Jr. (Litonjua Group).5
 
Antecedent Facts
 
On 20 April 1999, the Litonjua Group wrote a letter-agreement to Trendline Securities, Inc. (Trendline)...