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JurisprudenceG.R. No. 170072 -

G.R. No. 170072 - JOAQUIN P. OBIETA, VS. EDWARD CHEOK. R E S O L U T I O N - Supreme Court E-Library

Cited Laws

RA 25,RA 586,RA 8799,
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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered ordering [REDECO and petitioner] to pay [respondent] jointly and severally the following amounts: P695,873 plus interest at legal rate from the filing of the complaint on June 6, 1997 until fully paid, said amount being the market value of [respondent's] new 85,000 shares at the prevailing average price of [P8.

Decision

Ruling

WHEREFORE, judgment is hereby rendered ordering [REDECO and petitioner] to pay [respondent] jointly and severally the following amounts: P695,873 plus interest at legal rate from the filing of the complaint on June 6, 1997 until fully paid, said amount being the market value of [respondent's] new 85,000 shares at the prevailing average price of [P8.17] per share in March 1997 at the Philippine Stock Exchange; Attorney's fees equivalent to 25% of the amount due as stated in the paragraph immediately preceeding [and] cost of suit. SO ORDERED.