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SEC vs. Price Richardson Corp.

SECURITIES AND EXCHANGE COMMISSION, PETITIONER, VS. PRICE RICHARDSON CORPORATION, CONSUELO VELARDE-ALBERT, AND GORDON RESNICK, RESPONDENTS.

G.R. No. 197032 | 2017-07-26

DECISION
 
LEONEN, J.:
 
The determination of probable cause for purposes of filing an information is lodged with the public prosecutor. It is not reviewable by courts unless it is attended by grave abuse of discretion.

This is a Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court, praying that the Court of Appeals Decision[2] dated May 26, 2011 and the Department of Justice Resolutions dated April 12, 2005[3] and July 5, 2006[4] be reversed and set aside.[5] The Court of Appeals affirmed the assailed Resolutions of the Department of Justice, which denied the Petition for Review filed by the Securities and...