Back

De Leon vs. PLDT

EDGARDO C. DE LEON, PETITIONER, VS. PHILIPPINE LONG DISTANCE TELEPHONE COMPANY, INC., RESPONDENT.

G.R. No. 211389 | 2021-10-06

THIRD DIVISION

D E C I S I O N
 
LEONEN, J.:
 
Unless expressly prohibited by some other law, a public utility corporation may issue and repurchase redeemable shares upon the expiration of a fixed period.
 
This Court resolves the Petition for Review on Certiorari[1] filed by Edgardo C. De Leon (De Leon)[2] assailing the Court of Appeals Decision[3] and Resolution,[4] which affirmed the Regional Trial Court Resolution[5] granting Philippine Long Distance Telephone Company (PLDT), Inc.'s Motion to Declare the Complaint as a Nuisance or Harassment Suit.
 
In 1973, the State adopted the concept of...