Zosimo Rivas vs. Ezekiel F. Toeg, et al.

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Case Agency Issuance Number Published Date

Zosimo Rivas vs. Ezekiel F. Toeg, et al.

SEC-AC No. 025

April 21, 1980

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Securities and Exchange Commission

SEC Commission En Banc

Corporate

Zosimo Rivas vs. Ezekiel F. Toeg, et al.

SEC-AC No. 025

April 21, 1980

[SEC-AC NO. 025. April 21, 1980.](SEC CASE NO. 1719)ZOSIMO RIVAS, ET AL., petitioners, vs. EZEKIEL F. TOEG, ET AL., respondents.O R D E RBefore the Commission en Banc is an appeal from the Order of May 31, 1979, granting the issuance of the writ of preliminary injunction enjoining respondents/appellants from performing the acts therein sought to be restrained. LLphilReading the appealed Order, the decisive factor in the issuance of the writ of injunction apparently was the resolution of the City Fiscal of Manila in I.S. No. 79-47-40 finding prima facie case of theft against respondents therein, the same herein appellants Ezekiel F. Toeg, Teodoro Bundang and Jacob (James) Isaac. This finding, however, was lately reversed by the Minister of Justice in his letter-directive to the City Fiscal of Manila (See Annex 1, appellants' Manifestation and Motion). This being the case, the appealed Order should be reversed, the very foundation upon which the writ of preliminary injunction was issued had ceased to exist.WHEREFORE, the appealed Order is hereby reversed and, accordingly, the writ of preliminary injunction...
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Zosimo Rivas vs. Ezekiel F. Toeg, et al.

Tags

Securities and Exchange Commission

SEC Commission En Banc