Joselin G. Fragada vs. P.J. Electrical Supply Co., Inc., et al.

[SEC-SICD * CASE NO. 09-94-4877. December 21, 1999.]

JOSELIN G. FRAGADA, petitioner,vs.P.I. ELECTRICAL SUPPLY CO.,INC.,ET AL., respondents.

D E C I S I O N

In an action for mandatory injunction, specific performance and damages, with the application for a provisional remedy of a Preliminary Writ of Mandatory Injunction and a Temporary Restraining Order (TRO) filed on 21 September 1999, herein petitioner prays that respondents be directed to register in the respondent corporation's corporate books the transfer of 1,954 shares in his favor of petitioner; that respondents to furnish the petitioner copies of the latest financial statements, list of stockholders with their respective shareholdings, the paid-in capital and the minutes of board and stockholders' meeting since 1993, and that respondents be ordered to pay petitioner actual compensatory, moral and exemplary damages.

No TRO was issued.

On 14 October 1994, respondents. by counsel filed a Motion to Dismiss and Opposition to Petitioner's application for a Writ of Preliminary Injunction anchored on the Commission's lack of jurisdiction. On 24 October 1994, petitioner filed an Opposition/Reply to the Opposition to the Motion.

On 19...

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