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Jacinto Galang, et al. vs. Hon. Court of Appeals, et al.

JACINTO GALANG, GREGORIA GALANG and MARISSA GALANG, Petitioners, versus HON. COURT OF APPEALS, INES CAMAGANAKAN, ANTONIO CAMAGANAKAN, MARITA CAMAGANAKAN and BELINDA CAMAGANAKAN, Respondents.

G.R. No. 139448 | 2005-10-11

D E C I S I O N 


CHICO-NAZARIO, J.: 

Before this Court is a petition for review on certiorari of the Decision[1] of the Court of Appeals in CA-G.R. SP No. 47417 dated 27 May 1999 and its Resolution[2] dated 27 July 1999 granting private respondents' petition for annulment of judgment with prayer for injunction of the decision of the Securities and Exchange Commission (SEC) in SEC EB Case No. 550. 

A summary of the facts that gave rise to the present action follows: 

As of 1992, the entire capital stock of CGP Transportation and Services Corp. (CGP) was equally divided between the Galang family and the family of Lamberto...