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Queensland-Tokyo Commodities, Inc., et al. Vs. Thomas George

QUEENSLAND-TOKYO COMMODITIES, INC., ROMEO Y. LAU, and CHARLIE COLLADO, Petitioners, versus THOMAS GEORGE, Respondent

G.R. No. 172727 | 2010-09-08

RESOLUTION


NACHURA, J.:

At bar is a petition for review on certiorari under Rule 45 of the Rules of Court filed by Queensland-Tokyo Commodities, Inc. (QTCI), Romeo Y. Lau (Lau), and Charlie Collado (Collado), challenging the September 30, 2005 Decision[1] and the January 20, 2006 Resolution[2] of the Court of Appeals (CA) in CA-G.R. SP No. 58741.

QTCI is a duly licensed broker engaged in the trading of commodity futures. In 1995, Guillermo Mendoza, Jr. (Mendoza) and Oniler Lontoc (Lontoc) of QTCI met with respondent Thomas George (respondent), encouraging the latter to invest with QTCI. On July 7, 1995, upon Mendoza's prodding,...