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Benjamin D. Ynson vs CA, et al/Felipe Yulienco, et al vs CA, et al

BENJAMIN D. YNSON, petitioner, vs. COURT OF APPEALS, FELIPE YULIENCO and EMERITO M. SALVA, respondents.

G.R. No. 117018-19 | 2002-08-08

R E S O L U T I O N

YNARES-SANTIAGO, J.:

The instant controversy has its origin in the petition filed before the Securities and Exchange Commission by Felipe Yulienco and Emerito M. Salva, as stockholders, against Benjamin D. Ynson, as president and CEO, of Phesco, Inc., alleging mismanagement of the corporation.

On October 15, 1987, the parties submitted a Joint Motion for Judgment by Compromise. Subsequently, on October 20, 1987, the SEC rendered judgment approving in toto the Compromise Agreement executed by the parties. Among the provisions of the Compromise Agreement was a stipulation for the sale by Yulienco of his 96,420 shares...