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Dionisio Asencio, et al. vs. Marica Mondejar, et al.
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Dionisio Asencio, et al. vs. Marica Mondejar, et al.
SEC-SICD Case No. 07-97-5695
January 31, 2000
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SEC Securities Investigation and Clearing Department
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Dionisio Asencio, et al. vs. Marica Mondejar, et al.
SEC-SICD Case No. 07-97-5695
•January 31, 2000
[SEC-SICD * CASE NO. 07-97-5695. January 31, 2000.]DIONISIO ASENCIO, ET AL., complainants, vs. MARICA MONDEJAR, ET AL., respondents.D E C I S I O NThis is a complaint for annulment of a board resolution, accounting, injunction, and damages with prayer for the issuance of a writ of preliminary injunction.Complainants allege and pray that Resolution No. 20-96 be annulled to the extent that it provided the then President and Vice President of Planters & Green Revolutionist Association Inc. (PAGRAI) the power to continue in office without election for another two years and an authority for respondent Marica Mondejar to appoint the other corporate officers for being contrary to the provision of the By-laws; that for having been appointed under said resolution and/or having used force and intimidation in preventing complainants from exercising and assuming their duties and functions as duly elected members of the Board, respondents be permanently enjoined from representing and performing as officers of the association; that for having been declared winner in an election or taken their oath of office and having initially...
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